Some of the horror stories about corporations that have manipulated their books include the infamous Enron scandal. Enron was a company that tweaked its books to appear profitable when in reality, it was on the brink of financial disaster. It took years for accountants and prosecutors to sort out all of the company's spurious transactions. Such cases serve as a reminder that numbers can't always be trusted.
Financial statements do not always tell the entire story about a company. Accounting methods and fi...
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