3 Comments
 

Probably the SEC... @"Edmundo Braverman" could probably tell ya for sure.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Best Response
ING

What agency, if any, should be informed of a listed company misrepresenting financials? I know that in a quarterly statement they created their numbers.

I'm going to go out on a limb here and say that if you don't know who to report this to, you probably don't have the expertise to uncover actual accounting fraud.

However, to answer your question: first contact the company's investor relations team to see what explanation they may provide. If it's unsatisfactory, notify the firm's auditor. The SEC will get involved depending on what happens with the auditor.

If the accounting firm is some shady company or if they resign from the account, the SEC will get on the company's trail fairly quickly.

This happened to me with a penny stock some years ago, and I was eventually permitted to join the class action suit against the company in question.

However, I'd just like to reiterate that if the company has committed accounting fraud, someone else is definitely already on this.

Monkeys with better knowledge of this subject should chime in, as well.

in it 2 win it
 

Minima enim et eos at qui. Accusamus molestias optio assumenda et placeat nemo. Qui ducimus id eum possimus consectetur ullam consequatur. Enim rerum impedit blanditiis et praesentium amet autem.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”