For February 22, 2018, our forensic accounting red flag is from a specialty retailer with off-balance sheet debt and an unusual tax impact. We pulled this highlight from yesterday’s research of 91 10-K filings, from which our Robo-Analyst technology collected 15,216 data points. Our analyst team used this data to make 2,357 forensic accounting adjustments with a dollar value of $1.9 trillion. The adjustments were applied as follows: 1,053 income statement adjustments with a total value of $102 billion 920 balance sheet adjustments with a total value of $1.2 trillion 384 valuation adjustments with a total value of $658 billion

Question: What is one thing (in no particular order) behavioural psychologists, filmmakers, journalists and advertisers all understand? Answer: The power of the narrative; humans like stories. Before the written word was invented, sitting round the campfire at the end of the day telling and retelling tales was how humans conveyed knowledge to each other (and passed it down through the generations): we are genetically predisposed to stories, tales, narratives – call them what you will. We find them an incredibly useful device for processing and storing information. Indeed, many memory-boosting techniques recommend turning data lists into stories in order to

Sir David Tweedie, then Chairman of the IASB said, “One of my great ambitions before I die is to fly in an aircraft that is on an airline’s balance sheet."