TWO days ago I read an article which says companies like to “hide bad news.''
That was based on a landmark survey by the Australian Securities & Investments Commission corporate regulator. It looked at the quality of disclosures of annual reports of 50 of the top 200 listed companies with June 30 balance dates. The findings a number of entities appeared to focus on removing the “bad news” and focus on more favourable-looking numbers.
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