A new Ernst & Young survey shows Kenyan firms over-report their financial performance to meet rising targets and please ever demanding shareholders. TEA
The company accounts you rely on to make investment decisions about Kenyan firms could be false, an Ernst & Young survey says.
In a global survey in which 100 Kenyan firms participated, the findings by the audit firm show 53 per cent of managers believed their companies over-report their financial performance, driven by increased pressures to hit targets in an increasingly challenging business environment.
