Who cares that IPOs lack accounting standards? Nobody, really
NEW YORK: Would you buy stock in a company that doesn’t regularly record its debits and credits? Or one that admits it lacks accounting skills? How about one that couldn’t account for some of its expenses?Apparently you would...
The 32 companies — from GrubHub to GoPro — that reported material weaknesses in their accounting systems last year have surged an average of 42pc since their stock debuts...