Headline-making accounting scandals, like those at Toshiba, Tesco, Sino-Forest and many others in recent years, can cost shareholders dearly, through stock price declines and subsequent litigation. But the potential for harm isn’t limited to these “black swan” events. A notable survey of nearly 400 chief financial officers found that in any given period, a remarkable 20% of companies may intentionally distort earnings, even while adhering to Generally Accepted Accounting Principles (GAAP).
Join our webinar to understand, identify and manage accounting risk in investment portfolios.
• Problems associated with accounting risk in investment portfolios
• Forensic accounting as an investment tool: what does the research show?
• Forensic accounting in global stock selection