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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (185459)8/1/2002 6:17:21 PM
From: Les H  Read Replies (2) of 436258
 
18 percent of those that use pro forma don't reconcile those results to U.S. generally accepted accounting principles (GAAP), even though the Securities and Exchange Commission has advised companies to do so. Even more troubling, 17 percent of all respondents report being pressured to misrepresent their results by their companies' CEOs during the past five years.

cfo.com
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