The misleading of the public by making statements in the balance sheet that do not correspond to the facts, usually with the aim of whitewashing (window-dressing). This is made almost impossible for banks by regulators through very detailed accounting and reporting rules. – See disclosures, disguised, off-balance sheet, stock market fraud, accounting, creative, corporate governance, enforcement, track record, financial reporting, information overload, intra-quarter ballooning, crystallization, management compensation, abusive, cherry-picking, factual design, consistency, substance-over-form principle, ultimate factoring, loss camouflage, understandability. – Cf. ECB Monthly Bulletin, May 2005, p. 93 ff.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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