The longer the 10-K, the worse the stock?
The concern is that earlier releases often did not reconcile with GAAP.
Accounting ethics Abraham Lincoln-style.
There are rumbles in the industry that more than one Big Five accounting firm will be found in violation of independence regulations.
The fast pace of M&A of late seems to have overwhelmed fixed-asset planning.
Investment banks venture into the microcap world.
Investors like to see full balance sheet, not just the bottom line.