Question
Financial intelligence can help build trust in corporations by providing transparency and accountability. It allows for accurate financial reporting, which can prevent situations like the Enron scandal. By understanding and properly managing a company's finances, corporations can avoid 'tweaking' the books and instead present a true reflection of their financial health. This honesty can build trust with stakeholders, including investors, employees, and the public.
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The book captures your attention from the moment you begin to read Chapter One's You Can't Always Trust the Numbers. Headlines throughout the past few decades have told horror stories about corporations that have "tweaked" the books just enough to make it look like they were in the black and doing fine… but in reality they were just one step away from financial disaster. Remember the Enron story? It took years for accountants and prosecutors to sort out all of that ill-fated company's spurious transactions
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