The Dig

The Dig

Share this post

The Dig
The Dig
If markets move on stories and momentum, who needs an audit?

If markets move on stories and momentum, who needs an audit?

Until something goes wrong, hardly anyone reads the 10-Ks or wants an audit

Francine McKenna
Aug 26, 2021
∙ Paid
10

Share this post

The Dig
The Dig
If markets move on stories and momentum, who needs an audit?
Share

Almost all buyers and sellers of equities, large and small, seem to be just fine with trading trillions dollars of private and public company shares based on unaudited earnings press release information filled with never-to-be audited non-GAAP metrics.

So why bother mandating external audits by CPA firms at all?

In October of 2018, I wrote for MarketWatch…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Francine McKenna
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share