The demands are growing louder for companies to fully disclose the extent to which government cash handouts and tax concessions are sandbagging their accounts.
With the August earnings season poised to be dominated by COVID-19, Matt Nacard, chief executive officer of asset manager Ethical Partners Limited, said companies must also disclose how debt or rental repayment deferrals were artificially inflating results.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
