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Lessons from the Parmalat bankruptcy: how forensic accounting prevents fraud - ACCOUNTANCY EURASIA
he 2003 collapse of the Parmalat Group shocked Italy. The sheer scale of the fraud – still Europe’s largest bankruptcy – highlighted the urgent need for better accounting controls. Stefania Chiaruttini, founder and equity partner of accountancy firm Studio Chiaruttini & Associates, explains how she used her accountancy education and experience to help the Prosecutor …