Ethic-Based Management vs. Corporate Misgovernance - New Approach to Financial Statement Analysis

It appears from experiences that today's governance (Man-Management) has been degraded to such an extent that moral bankruptcy has become an integral part of day to day business activities — as evidenced by recent experiences — where righteousness is at a discount (account tampering, manipulation/falsification of accounts and frauds are rampant); truth has become rare, trickery is spreading and integrity is vanishing); and selfishness is growing alarmingly in all spheres of human activity. There is an urgent need to resort to the use of the proposed new and unique approach to financial statement analysis which, according to the Wharton School (University of Pennsylvania, USA) Corporate Finance economist, is an unique, novel and revolutionary approach