Immune to fraud and misrepresentation


Problem: While the statement of cash flows is a useful tool for investors, it is not immune to fraud and misrepresentation. See the following article regarding how Enron used creative accounting to create a better (though not accurate) picture. I was quite amazed when I read this article. What are your thoughts.

https://investingsidekick.com/enron-fraud/

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Accounting Basics: Immune to fraud and misrepresentation
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