Alain Schatt is a professor of Financial Accounting. His research focuses on financial reporting, corporate governance and the audit market.
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Advice and information provided by stock analysts, such as target prices and recommendations, have a powerful influence on investor decisions. However, new research shows that the way the human mind processes numbers means that analyst forecasts are frequently inaccurate when compared with eventual outcomes.
5 min read Continue reading Small numbers, larger mistakes: How number bias affects investor information
Some experts suggest that mandatory joint audits might help to improve the reliability of accounting numbers. But what are the additional costs involved and is the case for joint audits supported by the evidence?
4 min read Continue reading Do joint audits add up?
