One of my CFA textbooks contains a chapter called “Searching for Shenanigans”. It emphasizes that a significant portion of what gets reported in financial statements is subject to management’s judgment and estimates.
This is nothing new to accounting experts. Al Rosen often writes and speaks about accounting trickery as he does in his piece, [...]
Entries Tagged as 'Accounting'
Accounting Shenanigans
July 8th, 2007 · 3 Comments
Tags: Accounting · Investor Education