Arthur Levitt, chairman of the Securities and Exchange Commission, thinks that what is at stake when companies begin to engage in managing their earnings?

Question

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Arthur Levitt, as chairman of the Securities and Exchange Commission, emphasized that the credibility of the U.S. financial reporting system is at stake when companies engage in managing their earnings. This practice undermines investor trust and the integrity of financial markets.

Arthur Levitt, Chairman of the Securities and Exchange Commission, Thinks