盈余管理的时间和误区.pptVIP

Earnings Management:Practice and Pitfalls Philip Livingston President and CEO Financial Executives International 第一页，共二十页。 What is Earnings Management? The process of establishingstakeholder expectations and achieving the result through legitimate and/or illegitimate methods 第二页，共二十页。 Why Are We Talking About It? Illegitimate methods CLOUD financial reporting transparency Contrary to unbiased reporting Result is low quality earnings even if the target is reached. U.S. capital markets placed a premium on predictability SEC action in 1998 第三页，共二十页。 Legitimate Earnings Managemen