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In line with Kozack and Dennis (2001) financial statements depart sure aspects similar to changes about senior management, loss of major clients and also the aggressive environment by which the corporate operates. Boundless (2014) states that monetary statements are exposed to misinterpretation and error and at a sure point even to manipulation of figures to inflate financial efficiency. Using monetary statements to measure or project the corporate’s efficiency cannot be relied upon as these statements are based on the market at a given time which can quickly change and in that case the figures from the earlier statement will not remain the identical or robotically enhance (Jane, 2014). In accordance Gartenstein (2014) monetary statements often give the managers and buyers data with false sense of security hence slowing down pre-emptive … Read More ...Continue reading »