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In light of recent accounting and financial scandals (Enron, Tyco, Adelphia Communications), can or should investors solely rely on financial statements? Can investors have confidence

In light of recent accounting and financial scandals (Enron, Tyco, Adelphia Communications), can or should investors solely rely on financial statements? Can investors have confidence in analysts employed by securities firms? What alternatives are there for investors?

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Answer The recent accounting and financial scandals have certainly shaken the confidence of investors in relying solely on financial statements and an... blur-text-image

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