Just a brief note but worth passing on From CNBCcom
A study by four prominent business school professors on earnings quality shows that ‘managed’ earnings are not a figment of short-seller imaginations
In this case the fudging relies on tools available in the gray area of Generally Accepted Accounting Principles to make
via RollingStone.com: Taibblog http://www.rollingstone.com/politics/blogs/taibblog/study-one-in-five-firms-misrepresent-earnings-20120723
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