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Industry Focus
Energy: Auditing, Fraud, and the Rise of Non-Gaap Accounting with Francine McKenna
As investors, we depend on financial statements to understand how the businesses we own are performing. Therefore, we also depend on auditors to make sure those financial statements are accurate. Financial journalist Francine McKenna joins the show this week to discuss auditing and accounting issues including conflicts of interest between auditors and shareholders, the role of auditing in catching fraud, accounting issues at companies like Disney and Square, what we lose as non-Gaap accounting becomes more and more commonplace, how companies will decide to disclose coronavirus impacts on their business, and more.
Stocks Mentioned: DIS, SQ, BB, NTON, BRK-B, BRK-A
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