CFRA, an MSCI Brand

Uncovering aggressive corporate accounting

Over CFRA's 15+ year history, our team has developed and refined a rigorous, in-depth research process designed to identify situations where reported financial results do not provide the true picture of a company's health. CFRA clients leverage our global team of 25 analysts trained to identify deterioration in a company's operational health by uncovering evidence of aggressive accounting, financial manipulation, and fraud. Companies uncovered through our process and added to our Biggest Concerns List have significantly underperformed all relevant benchmarks.

CFRA's services include:

  • Actionable Ideas — our in-depth company reports and Biggest Concerns List provide actionable insights on companies to avoid, underweight or utilize in trading strategies that profit from stock price declines.

  • Industry and Educational Themes — industry reports help clients stay on top of relevant operational and earnings quality metrics for several industries while our educational pieces provide insights into accounting issues relevant to the investment community.

  • Advisory Services — CFRA's analysts act as an Accounting Help Desk where clients can discuss key accounting issues or trends that pertain to their companies of interest. Our Bespoke Services perform a multitude of client driven projects tailored to meet specified needs.

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Contact us

For more information about CFRA and our services/products, please contact us.


US and Global:
+1 212 981 1062

Email:
cservices@cfraresearch.com

Sample Research: Chinese Accounting Errors and Restatements

This educational report analyzes the nature of accounting errors reported by US listed Chinese companies that resulted in material restatements to previously reported EPS or operating cash flows. Most of the restatements in our analysis had a material negative impact on these performance metrics. The most common errors are related to debt/equity instruments (mostly derivatives used in financing arrangements) and related party transactions. We raise concern that disclosure regarding restatements, especially reclassification of cash flows, is inconsistent among these companies and often not transparent.


Click here to download this report


Sample Research: Pensions

As 2011 10-K’s are filed, investors should look to new required disclosures related to multiemployer pension plans.

Click here to download this report

The CFRA app

CFRA's research is available for iPhones and iPads. Click here for more information or click the logo below to go to the app store.


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