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Financial statements are based on generally accepted accounting principles (GAAP) and are audited by CPA firms....

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Finance

Financial statements are based on generally accepted accountingprinciples (GAAP) and are audited by CPA firms. Do investors needto worry about the validity of those statements?

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It is correct that Financial Statements are based on GAAP and are audited by a CPA and in most of the cases are supposed to be free from any wrongful reporting and in conformity with all aspects BUT YES Investors do need to worry about the    See Answer
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Financial statements are based on generally accepted accountingprinciples (GAAP) and are audited by CPA firms. Do investors needto worry about the validity of those statements?

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