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Case study
Publication date: 29 June 2021

Benedicte Millet-Reyes and Nancy Uddin

The impact of corporate governance on internal controls and quality of financial disclosures.

Abstract

Theoretical basis

The impact of corporate governance on internal controls and quality of financial disclosures.

Research methodology

Analysis of a real financial fraud event for a non-US multinational corporation. The case relies on accessing and analyzing annual reports for the firm, both before and after the fraud. Additional information on industry governance characteristics are provided in the case itself so that students can compare the firm to the industry.

Case overview/synopsis

This business case is centered on the analysis of Schneider Electric, a French multinational corporation, which had to restate their financial statements in 2011 because of accounting fraud. Following this event, Schneider undertook major changes in their board structure to improve internal control mechanisms. This pedagogical business case familiarizes students with international differences in ownership and board structure and emphasizes potential corporate governance changes after financial statement fraud.

Complexity academic level

Managerial finance, corporate finance, international finance, auditing. This case is more appropriate for upper-level undergraduate and graduate courses.

Case study
Publication date: 18 August 2021

Rebecca J. Morris

Abstract

Details

The CASE Journal, vol. 17 no. 3
Type: Case Study
ISSN:

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