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Barrington House
The Hidden Costs of Sloppy Bookkeeping
By Barrington House
A recent Stanford study reviewed the aftermath of the Enron collapse and the repercussions to Enron’s accounting firm’s former clients. The primary trend they identified was when former clients issued accounting restatements or revisions because of less-than-accurate bookkeeping; there was an increase in the salary demands at the affected companies. The takeaway is that risky or sloppy
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