iBankCoin
Joined Nov 11, 2007
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STUDY: 20% Of Companies Lie On Earnings Reports

“A recent survey of 169 chief financial officers at publicly-traded companies in the U.S. reveals an interesting finding: 20 percent of the publicly-traded companies that are required by law to report earnings results on a quarterly basis are probably fudging the numbers, and almost every single one of the CFOs surveyed agrees this is the case.”

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