“Would you buy stock in a company that doesn’t regularly record its debits and credits? Or one that admits it lacks accounting skills? How about one that couldn’t account for some of its expenses? Apparently you would. About 30% of companies that went public last year acknowledged they were at serious risk of incorrectly reporting their financial information, according to a study by Proskauer Rose LLP. That’s up from 17% of issuers in 2013, the study shows. Yet investors weren’t bothered. The 32 companies — from GrubHub Inc. to GoPro Inc. — that reported material weaknesses in their accounting systems last year have surged an average of 42% since their stock debuts.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
U.S. Demands Wells Fargo Records To Identify Tax Cheats Using Caribbean Havens
Bitcoin facing bank backlash in Canada too
Obamacare could eat up your raise
Feds expand hunt for offshore tax evaders
Greece to sack 15,000 state workers in next two years to unlock bail-out cash
Fed Critic Mulligan Mint Files for Bankruptcy
CIA director fumes over teen who hacked his AOL email account
‘Wall St.’ flees NY for tax-free Florida
German Exhibit Hall Designed By Algorithms, Manufactured By Robots
New turbine to capture energy from both wind and waves slated for testing
Greenpeace ship defies Russia, enters Arctic route to protest against oil drilling
How the NSA Halted My Rise as a Vermont Drug Lord
‘Guardian’ editor: Destroying hard drives allowed us to continue NSA coverage
King County sheriff’s deputy fired over threats to news editor
Can Bitcoin Save the Postal Service?