PwC’s less than Noble disclaimer

PwC’s less than Noble disclaimer.

In the link above, the Cynical Investor’s observation addresses a major concern of users of financial information, which is whether the presentation provides information about the substance of an event or a transaction or the financial presentation is consistent with the reporting rules, but fails to represent the transaction or event’s substance.

For the record, I support financial presentations that reflect the substance of the event or transaction on which the presentation is reporting.

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About docjonz

I am an Associate Professor of accounting at Hofstra University in Hempstead, NY. Additionally, I have more than 30 years of professional accounting experience in various capacities including auditing, accounting standard setting and corporate accounting policy.
This entry was posted in Accountant, Auditing and Auditor Reporting, Financial Accounting and tagged , . Bookmark the permalink.

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