Date Presented

Fall 9-2020

Document Type

Thesis

Degree Name

Bachelor of Arts

Department

Accountancy

First Advisor

Dr. David Murphy

Second Advisor

Dr. Francis Bush

Third Advisor

Dr. Nichole Sanders

Abstract

This paper is about several accounting irregularities in Hertz Global Holdings’ annual reports for the years 2011-2013. These mistakes led the company to sue former chief Executive Officer, Mark Frissora, and other senior managers to return at least $70 million in incentive compensation for their actions (AccountingToday, 2019). Hertz commented that the restatement of their accounting errors would likely reduce its 2011 fiscal year net income by as much as 18%, 2012 fiscal year by 14% and 2013 fiscal year by 6% and in dollar term, these are $32 million, $35 million, and $20 million respectively (Heller, 2014).

Download
Off-campus Download

Restricted

Available when accessing via a campus IP address.

Off-campus users can also use 'Off-campus Download' button above for access.

Share

COinS