Companies are making fewer accounting mistakes

The true test may come in the next few years when companies can no longer hide behind the economy for poor results and look for other ways to boost results, says Denton Collins, professor of accounting at Texas Tech. 'The hope is we've resolved the problem,' he says, 'but we'll have to look at the evidence.'

In another potential boost to investor confidence, the era of sloppy accounting appears to be ending.

The true test may come in the next few years when companies can no longer hide behind the economy for poor results and look for other ways to boost results, says Denton Collins, professor of accounting at Texas Tech. "The hope is we've resolved the problem," he says, "but we'll have to look at the evidence."

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