Tag Archives: SkyStem Blog

Accounting for Snapchat’s Less Than Picture Perfect Fees

SnapchatThe biggest talk of the financial world currently is Snap Inc (commonly known as Snapchat) and its recent IPO – the largest since 2014. The so-called “unicorn” (a tech startup valued at $1billion or more), was given an impressively high valuation of $33 billion when it went public,...
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Using a different view to expose Homex’s $3.3B fraud

Homex fraudA recent SEC investigation has shone a spotlight on Mexican homebuilding company, Desarrolladora Homex S.A.B. de C.V, to reveal an impressive $3.3 billion accounting fraud case. But what is most interesting about this revelation isn’t necessarily the amount involved – but how it was discovered. After...
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