Stories

The IRE Resource Center is a major research library containing more than 27,000 investigative stories.

Most of our stories are not available for download but can be easily ordered by contacting the Resource Center directly at 573-882-3364 or rescntr@ire.org where a researcher can help you pinpoint what you need.

Search results for "accounting practices" ...

  • Economic Opportunity Board

    "The stories dealt with shoddy accounting practices, poor administration and inconsistent programming at the EOB, created in 1964 to fight poverty. With nearly $60 million in its 2003 budget, the organization lacked basic records of how its money was spent, broke many of its own by-laws in favoring its own board members, and kept poor members of the community in the dark when problems in their programs occurred, such as overcharging rent in low - income housing or losing a child on a Head Start Bus."
  • How Enron blew it?

    Enron transformed itself from a stodgy, troubled pipeline company in 1985 to a trading colossus in 2000. The article explains the transformation of Enron from being a powerful company to how it was questioned for its accounting practices.
  • Assisted Living at Any Cost

    An overview of Assisted Living Concepts, its founder, Keren Brown Wilson and the struggle between care and quality for the services offered to the elderly. The investigation documented the accounting practices of the firm, episodes of neglect and abuse at facilities nationwide, death toll among residents and also a look to federal and state regulations concerning assisted living.
  • The Sham of Enron: How the Deception of Shareholders, Analysts and Employees Paved the Way for the Biggest U.S. Bankruptcy

    Bloomberg reports on the collapse of the Enron Corp. The three part series reveals that the company had close ties and had enriched financial analysts who overwhelming backed the company despite red flags in the end of 2001; that former Enron Chief Financial officer Andrew Fastow was behind the engineered network of Enron's off-balance-sheet entities; and that an online venture called NewPower designed the conquer the deregulating energy retail market strategy that contributed to Enron's slide into bankruptcy. The file includes a Bloomberg Markets article of May 2001 that contains some preliminary findings on Enron's questionable deals and accounting practices.
  • Enron Coverage

    The Wall Street Journal reports on the first signs of the Enron crisis. The stories explore "the inner financial workings" of the corporation, and focus on its private partnerships which had escaped public view. The series also looks at how the partnerships made profits for executives personally involved in them, and how this distorted Enron's financial picture by enriching insiders at the expense of investors. The Journal stories have been considered by Enron "as one of the principal reasons for the catastrophic collapse of investor confidence that sank the company."
  • Executive Challenged Xerox's Books, Was Fired

    The Wall Street Journal reports on Xerox accountant, James Bingham, who openly challenged what he felt were dishonest and incorrect accounting practices at Xerox. Bingham was fired shortly after his disclosure. While Xerox admits to accounting problems, including profit inflation, at its Mexico operations, Bingham felt the problem was more widespread.
  • The Investigation of First USA

    WFAA-TV reports about "gross corporate dishonesty, a federal investigation, the abrupt resignation of 3 CEOs from two of the largest financial institutions in America, and perhaps billions of dollars wrongly taken from millions of credit-card consumers... At one time, First USA bragged it was the largest credit-card company in the United States with nearly 70 million customers.... Last year, industry analysts estimated one-third of First USA's annual revenue came from the penalties and interest rate hikes it assessed against customers - an amount totalling nearly $20 billion...."
  • Numbers Game at Bausch & Lomb?

    Business Week reports that "Although Bausch & Lomb Corp. had admitted its earnings in 1994 were suffering due to high distributor inventories, the company never explained how the inventories became so high. In a lengthy investigation, Business Week uncovered a bizarre tale behind the problems, including strong evidence that B&L had engaged in questionable accounting practices."
  • The Black Hole

    Boston Magazine discloses how the Big Dig, the largest public works infrastructure project in American history, became rife with political deals, conflicts of interests and questionable accounting practices, leaving an embarrassing mess for all of the key figures, a still uncompleted project and possible indictments for the formerly charmed head of the project July 1994.
  • Rising Fortunes

    Montgomery Advertiser does an in-depth investigation of the Southern Poverty Law Center, a non-profit group established primarily to fight racism and other injustices; finds that the organization is bloated with administrative and fund-raising budgets bigger than program budgets, has trouble with black employees, has questionable accounting practices and myriad other problems, February 1994.