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RateFinancials' Germack on accounting practices

Published March 27, 2009 at 9:10 AM
What do Calpine Corp., Circuit City Inc. and Citigroup Inc. have in common? Aggressive accounting and lax recording rules. Despite reforms implemented post-Enron, the U.S.'s complex accounting rules can easily be gamed to deceive investors about the true conditions of public companies, according to Victor Germack, president of RateFinancials Inc. In this episode of Inside The Deal, Germack speaks with The Deal's Suzanne Stevens about why accounting rules need to be overhauled in order to fix the financial markets. See the video below or download it at iTunes.- Maria Woehr

Also see:
Full disclosure
Inside The Deal: Deloitte's Stamos Nicholas on new merger accounting rules
Inside The Deal: Paul Hastings' Vince Pisano on accounting standards

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