4min chapter

The Joe Walker Podcast cover image

Frauds And Visionaries - Bethany McLean

The Joe Walker Podcast

CHAPTER

How to Find a Duck on Financial Statements

In the original Enron story you broke, you quoted an employee explaining how the accounting and ordering process at Enron worked. The employee said that famously say you have a dog, but you need to create a duck on the financial statements. That is actually my favorite visual of legal fraud because it's the dog and the duck. In the case of Enron, one big give away is often the cash flow statement.

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