Sociological Study Reveals High Financial Malfeasance Rates in Largest U.S. Corporations http://www.asanet.org/press/financial_malfeasance.cfm

The need to "fix" or restate financial statements is an admission by corporate management that these reports (prior to their being corrected) to the government and the investing public misrepresented the corporations' financial positions, Texas A&M University sociology professor Harland Prechel reports in a research paper published in the June 2010 issue of the American Sociological Review (ASR).

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