What was the issue with Valeant's accounting?
A) Timing on booking of sales revenues
B) GAAP vs. non-GAAP accounting
C) Structuring and acquisition charges
D) All of the above

Question

Quizplus · Accepted Answer

Valeant had several accounting issues including timing on booking of sales revenues, use of non-GAAP accounting measures, and questionable structuring and acquisition charges. It was accused of pumping up its sales figures and had to restate its earnings for several years.

What Was the Issue with Valeant's Accounting