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Downturns are accounting crooks’ worst enemy

economist.com

1–10 of 39 posts

Re: Downturns are accounting crooks’ worst enemy

#3

What a horrible article most investors understand Chinese companies lie about their number all the time. The non Chinese example is WeWork which was completely rejected by the market and failed to go public?

And was rejected before the current crises.

Re: Downturns are accounting crooks’ worst enemy

#5
post #3

What a horrible article most investors understand Chinese companies lie about their number all the time. The non Chinese example is WeWork which was completely rejected by the market and failed to go public?

And was rejected before the current crises.

This downturn started last year.

Re: Downturns are accounting crooks’ worst enemy

#9

What a horrible article most investors understand Chinese companies lie about their number all the time. The non Chinese example is WeWork which was completely rejected by the market and failed to go public?

And Enron, Olympus, bt, WorldCom, Tesco, those people who bought dragon dictate and the African firm whose balance sheet was entirely supported by a large green gemstone. Just to name a few off the top of my head. Trying to work out a firm's true assets, liabilities and income is a genuine problem.
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