Through the forensic examination of more than 20 recent stock market disasters, Tim Steer reveals how companies hide or disguise worrying facts about the robustness of their business. In his lively style, he looks at the themes that underlie the ways companies hide the truth and he stresses that in an assessment of a company's accounts, investors should always bear in mind that the only fact is cash; everything else - profit, assets, etc - is a matter of opinion. Full of invaluable lessons for investors, the book concludes with some trenchant observations on what is wrong in the worlds of investment, audit and financial regulation, and what changes should be introduced.
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Through the forensic examination of more than 20 recent stock market disasters, Tim Steer reveals how companies hide or disguise worrying facts about the robustness of their business. In his lively style, he looks at the themes that underlie the ways companies hide the truth and he stresses that in an assessment of a company's accounts, investors should always bear in mind that the only fact is cash; everything else - profit, assets, etc - is a matter of opinion. Full of invaluable lessons for investors, the book concludes with some trenchant observations on what is wrong in the worlds of investment, audit and financial regulation, and what changes should be introduced.
Imprint | Ips - Profile Books |
Country of origin | United Kingdom |
Release date | October 2019 |
Availability | Expected to ship within 12 - 17 working days |
First published | 2018 |
Authors | Tim Steer |
Dimensions | 198 x 129 x 24mm (L x W x T) |
Format | Paperback - Trade |
Pages | 336 |
Edition | Main |
ISBN-13 | 978-1-78816-081-0 |
Barcode | 9781788160810 |
Categories | |
LSN | 1-78816-081-9 |