Academics Say Quant Analysis Can Detect Financial IrregularitiesMark Melin
As evidenced in the LETS GOWEX SA (OTCMKTS:LGWXY) (BME:GOW) situation, a significant portion of financial statement irregularities are ignored or missed by reporting firms, their auditors, and the SEC. Now researchers say that they have discovered a statistical method to detect financial irregularity reporting.
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