Accounting skulduggery hides $26b in losses

Veteran investor Peter Morgan has warned that top companies are using accounting "skulduggery" to boost profits and bonuses and hide more than $26 billion in write-downs in their latest results.

by | 19 Sep, 2016

Read the full story at Australian Financial Review.

More from Public Accountant

ANZ strikes a deal with Pacific Island nations

ANZ strikes a deal with Pacific Island nations

$84bn lost to housing tax lurks? That would go a long way towards ending the housing crisis

$84bn lost to housing tax lurks? That would go a long way towards ending the housing crisis

‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

Consulting inquiry hands down final recommendations

Consulting inquiry hands down final recommendations

‘More professional’ adviser cohort sees AFCA complaint levels plummet

‘More professional’ adviser cohort sees AFCA complaint levels plummet

Could Australia’s economy survive Trump’s position on China?

Could Australia’s economy survive Trump’s position on China?

Share This