Damodaran on Valuation_ Security Analysis for Investment and Corporate Finance ( PDFDrive )

• Inconsistentrulesonconsolidationandtreatment of
  goodwill(UnitedStates,UnitedKingdom,Singapore,
  and South Africa).


• Dualbookkeeping.Firmsmaintaindifferentfinancial
  statements for different authorities, leading to
  confusion about a firm’s true financial standing.

TABLE 16.2Price Waterhouse Opacity Index—2000