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Number Of Corporate Accounting Errors Unexpectedly Climbs

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A research firm has discovered that the number of material accounting mistakes made by U.S. Massachusetts-based Audit Analytics looked at disclosures from more than 9,000 U.S.-listed For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.

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Pulling Back The Curtain On Corporate Finance Reports

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According to Alberta School of Business accounting professor Ke Wang, companies’ use of “narrative” in addition to hard data enables firms to limit focus and understanding among investors and the public about poor performance or outlook. But researchers warn that corporates continue to find ways to hide the bad news.