Has anyone noticed on the earning reports are different year after year from previous year’s. Look at 2014 then 2016. All the 2014 numbers are different from the reports. I found it interesting how they change after publication. Also, the format is always different probably to throw people off & not catch the differences they originally reported.
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It’s shady for AT&T to report false financials to entice investors. It appears intentional because it’s mostly to increase the earnings to show growth by reducing earnings in previous year’s & operating expenses. Also the debt says it’s in the millions. The board has to approve these financials before going public.it’s fishy
The IRS reviews corporate financial records to make sure the appropriate taxes are paid. They have six years after the filing date of tax documents to start and audit and it can last six years or longer. I doubt the corporate records are incorrect other than a minor type.
I noticed the numbers changing when looking at financial statements to track the total number of employees. It seems strange to me that they would not be able to accurately count the number of employees at the ends of various quarters. I don't have the numbers in front of me, but I think it may have been from EOY21 was changed on the EOY22 statement.
Cooking the books and paying the workers and investors. Numbers are going to be different after paying everyone.
Be more specific because it doesn’t have anything to do with reporting inaccurate data.
EY been around a while and continues to dig into to our business. They are starting to realize it is a free for all with all our various terms and conditions in contracts across the nation.
What we claim it will cost us is never what it really costs. Scope creep on builds and side deals and contracts signed by T require large payment when build company begins — not smart. Execs think there’s rules on who can make deal but unbeknownst to them, all the deals get pushed to the lowest level that are often contractors who work for our competitors. Deals at the high level is a shell game for who at the moment claims best price and we in markets must turn on a dime. Deals made don’t live to obligations and T pays anyway as we’re told we’re having to use a new supplier. What happened to Crown deal or shady Tillman deal? Hard to follow in the markets of who we can use where and when. We are a cash machine to the industry as we start and stop our build. Wonder how our competitors keep costs under control and if execs will ever take a deep dive of all the failed deals and chaos in the markets.
Cookin the books
Auditing companies don’t look at earnings reports, they look at if the numbers add up during that year. They are it auditing from 2014 to date. Lots of investors count on those earning reports but unless you put them on a single page it’s easily missed. Especially, when the format changes year after year.
Is that why we are being audited by E&Y?