Asian Financial Statement Analysis

The Asian region, and particularly China, is becoming a hotbedof investment activity. There have been quite a few accountingscandals in Asia in the recent years - now rivaling those wehave seen in the Americas and Europe. Assessing potential or activeoverseas investments requires reliance on financial statements, thefull parameters of which may vary from region to region. Toeffectively analyze statements, it is necessary to first understandthe framework underlying these financial statements and then layout a protocol for detecting irregularities. It's impossible tocreate and implement a practical plan without a deeper knowledge ofthe various factors at play.

Asian Statement Analysis: Detecting FinancialIrregularities provides a framework for analysis that makesirregularities stand out. Authors Chin Hwee Tan and Thomas R.Robinson discuss international financial reporting standards, including characteristics particular to the Asian region. Tan andRobinson's combined background in academia and Asian finance givethem a multi-modal perspective and position them as top authoritieson the topic. In the book, they address issues such as:

• Detection of irregularities independent of particularaccounting rules
• The most common irregularities in the Asian market
• Similarities and differences between U.S. and Asian accountingtechniques
• An overarching framework for irregularity detection

The book uses real-world examples to illustrate the conceptspresented, with the focus on Asian companies. As the first everin-depth study on manipulation and irregularities in the Asianmarket, Asian Financial Statement Analysis: Detecting FinancialIrregularities is uniquely positioned to be a valuable resourcein the move toward the next phase of global reportingstandards.