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Ethics and Earnings
註釋Corporate America has seen an unprecedented number of meltdowns as company after company is forced to reveal that financial statements they have provided investors and other users have been, at best, materially misleading and, at worst, completely false. While various governing bodies scramble to create new rules for accounting and auditing that will prevent further abuses, it seems that those who are determined to mislead continue to find ways around the rules. Because earnings can be manipulated in so many ways, it is important that investors familarize themselves with the methods that are being employed by many companies.