scott_sanford (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
scott_sanford) wrote2011-10-12 03:52 pm
scott_sanford) wrote2011-10-12 03:52 pm
Benford's Law and the Decreasing Reliability of Accounting Data for US Firms
That's the title of this article, found in a discussion of the recent articles about a circulation scam at the Wall Street Journal. If you're not into math it may make your eyes glaze over, but take this to heart: after a report of the Wall Street Journal lying about money, this is worse.
Not as immediate, though, and there are no fingers to point at specific malefactors. Rather, it suggests that there are a number of people doing tricky things in the corporate world, and the numbers presented to the public are not always good representations of what's really happening.
Not as immediate, though, and there are no fingers to point at specific malefactors. Rather, it suggests that there are a number of people doing tricky things in the corporate world, and the numbers presented to the public are not always good representations of what's really happening.