A new survey from four prominent business school professors reports some potentially troubling findings about how public companies report earnings. According to the survey of 169 public company CFOs, “the CFOs estimate that in any given period, roughly 20% of firms misrepresent their economic performance by managing earnings; for such firms, the typical misrepresentation is about 10% of reported [earnings-per-share].”
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New survey raises concerns for audit and financial reporting professionals
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