An article in the London daily Financial Times on 2 August raises profound questions about balance sheets and profit and loss statements used by investors to value the financial assets they buy. “In the UK in the past three decades,…
Tag: EY
Corporations are measuring the wrong thing
A sweeping criticism of the way companies value themselves and report on their performance is set out in a new report published this month by EY, the international accounting and management consultancy firm. The 39-page Accounting & Reporting for Long-Term…