Voluntary accounting change
Question:
A fund manager states: "I refuse to buy any company that makes a voluntary accounting change, since it's certainly a case of management trying to hide bad news." Can you think of any alternative interpretation?
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A fund manager states: "I refuse to buy any company that makes a voluntary accounting change, since it's certainly a case of management trying to hide bad news.
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To what extent is it a valid position that we should get rid of FASB and SEC, since free market forces will make sure that companies report reliable information
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