In Arthur Levitt’s speech that was referred to in the opening quote he also said: “…I fear that we are witnessing an erosion in the quality of earnings, and therefore, the quality of financial reporting. Managing may be giving way to manipulation; Integri
In Arthur Levitt’s speech that was referred to in the opening quote he also said: “…I fear that we are witnessing an erosion in the quality of earnings, and therefore, the quality of financial reporting. Managing may be giving way to manipulation; Integrity may be losing out to illusion.” Explain what you think Levitt meant by this statement. What role do financial analysts’ earnings expectations play in the quality of earnings?
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and therefore
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in arthur levitt’s speech that was referred to in the opening quote he also said “…i fear that we are witnessing an erosion in the quality of earnings
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the quality of financial reporti