Corporate accounting scandals refer to unethical or illegal activities conducted by corporate executives to manipulate financial statements in order to mislead investors and other stakeholders. These scandals can range from falsifying financial statements to misusing corporate funds for personal gain. In recent years, the number of corporate accounting scandals has grown exponentially, leading to increased scrutiny of corporate financial practices. The official business definition of corporate accounting scandals is “the intentional misstatement or omission of material facts in financial statements in order to deceive investors and other stakeholders.” This definition encompasses a wide range of activities, including falsifying financial statements, misappropriating funds, and engaging in insider trading. As a result, companies must be extremely vigilant in their accounting practices to ensure that they are not engaging in any activities that could be considered a corporate accounting scandal. Companies must also be aware of the legal ramifications of such activities, as they can lead to severe penalties, including fines, jail time, and even the dissolution of the company.