International Financial Reporting Standards and GAAP have led to financial statements that are inconsistent, incomparable, and materially distorted. Earnings, assets, debts — even revenues — are being mis-reported around the world.
The underlying research is undeniable. Recent programs in New York, Boston, Chicago, London, and Hong Kong have received highest marks from financial professionals.
The trend toward “Uniform Accounting” is based on a global restatement of financial statement data using consistent uniform adjustments. How does equity, credit, and even macroeconomic research change when viewed through UAFRS based analytics?
Rhys Spencer, Head of Tullett Prebon Information APAC, a company of TPICAP Group interviews Professor Joel Litman, Chairman of the UAFRS Council on Uniform Accounting and President & CEO of Valens Research.
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