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Top investor Peter Morgan slams slippery accounting of listed firms

The use of non-standard financial measures by listed firms is out of control, with the regulators and investors being played for fools by greedy and short-term-focused management.

Top investor Peter Morgan slams slippery accounting of listed firms
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  • Shared by Australian Financial Review
  • December 06, 2016
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That's the view of one veteran investor who is alarmed by research that showed more than 40 per cent of ASX top-500 companies now use non-standard measures such as underlying profit to promote their performance to the market.

Read the full story at Australian Financial Review.

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