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0 pointsamitagrawal12y ago0 comments

"Management teams of well-run companies spend very little time thinking about the formal financial statements."

Not true at all. Well run companies do spend a lot of time in preparing their financial statements. First, it is required by law, see - Dodd-Frank, Sarbanes-Oxley, etc.

Second, it can get well-run companies with good intentions into a lot of trouble with the SEC and investor lobbying groups.

0 comments

c212y ago

Sure, it's something the CFO thinks about, but it isn't really something that plays a factor into decisions about how to run the business for other C-level executives.

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0 pointsamitagrawal12y ago0 comments

"Management teams of well-run companies spend very little time thinking about the formal financial statements."

Not true at all. Well run companies do spend a lot of time in preparing their financial statements. First, it is required by law, see - Dodd-Frank, Sarbanes-Oxley, etc.

Second, it can get well-run companies with good intentions into a lot of trouble with the SEC and investor lobbying groups.

0 comments

c212y ago

Sure, it's something the CFO thinks about, but it isn't really something that plays a factor into decisions about how to run the business for other C-level executives.

j / k navigate · click thread line to collapse