The vast majority of reported company earnings are not fully audited – MarketWatch

VEA Vice Chair Nell Minow is quoted in an article about the decreasing number of earnings reports that are audited and the pressure on auditors to make the final results consistent with the unaudited numbers.

“Earnings reports have become less and less reliable, and investors are understandably increasingly skeptical. The next step should be increasing skepticism about boards who permit sloppy, unaudited numbers to be released, and I predict we will begin to see withholding of votes for audit committee members who allow this to happen.”

Source: The vast majority of reported company earnings are not fully audited – MarketWatch

2 Comments Add yours

  1. It would be interesting to have auditors actually chosen by shareholders.

    Like

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