Learn to Earn: ET Prime Special Series - Part 2 - A pretty picture, or a mirage? Flagging missing expenses & hidden liabilities

In the first part of this series, we learnt how to read an audit opinion and why those carefully chosen words matter for investors. Now, let’s step into one of the trickiest and most revealing corners of audit reports: When companies fail to record expenses or liabilities that they actually should. At times, these omissions are innocent mistakes, but often they’re intentional tweaks to achieve certain objectives. How exactly do they do this, and why? Let’s dive deeper and uncover the methods and motives behind these accounting choices.