Publication Type

Magazine Article

Publication Date

12-2014

Abstract

In October 2014, American Realty Capital Properties – one of the largest real estate investment trusts in the US – stunned the market. Its CEO, David Kay, disclosed that the company had overstated its income in the first quarter of the year – and that executives chose not to correct the error in the second quarter “in order to conceal the error.”

Discipline

Accounting | Corporate Finance

Research Areas

Corporate Reporting and Disclosure

Publication

CFO Innovation

Publisher

Questex

Copyright Owner and License

Author

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