HealthSouth Corp. according to the Securities and Exchange Commission (SEC) overstated profits by at least $1.4 billion between the years 1999 through 2003 to meet or exceed Wall Street estimates. The allegations came just seven months after an earni
HealthSouth Corp. according to the Securities and Exchange Commission (SEC) overstated profits by at least $1.4 billion between the years 1999 through 2003 to meet or exceed Wall Street estimates. The allegations came just seven months after an earnings restatement and insider-trading charges triggered the investigation. Read more about it:There is a tremendous amount of publicly available information about the fraud committed by HealthSouth Corp. a Birmingham Alabama health-services company. The fraud committed by this healthcare organization included many of the typical earnings-manipulation tricks such as capitalizing expenses understating reserves for receivables and extending the useful lives of equipment. There was none of the highly technical fraud such as seen in Enron.The case study includes two elements. Consider the following aspects in your analysis.Write a 2- to 3-page paper in Word. All written assignments and responses should follow APA rules for attributing sources.