YOU KNOW MY GENERAL THOUGHTS ON GROUPON AND THEIR “ACCOUNTING” TROUBLES
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…others agreeing. Read this:
The daily-deals firm now has restated its financial results multiple times in less than a year, this latest instance coming just four months after Groupon first sold shares to the public.
This restatement came with a warning from auditors Ernst & Young about the company’s lax accounting processes — a warning that should come as no surprise to anyone who’s made a close reading of its financial statements…
SOURCE: http://www.marketwatch.com