The Steinhoff Accounting Collapse: A Ret Diagram

红旗信号（别上当）

• Profit and cash flow growth perfectly al…
• A large portion of revenue originated fr…
• Frequent changes in auditors or sudden d…
• Aggressive cross-border M&A occurring si…
• The Chairman was a celebrity tycoon whos…
• Complex

真实案例

• 50%
• PwC was hired to conduct a forensic inve…
• The South African Financial Sector Condu…
• Between 2019 and 2022
• 20%

怎么防护

• Before investing in overseas listed comp…
• Use cash flow to verify profits
• For retail groups with high goodwill and…
• Cross-verify through official regulatory…
• Pension funds and retail investors can p…

Workflow diagram • Built with Archify • Create yours ↗ • Hover to trace • R route • Click to focus • +/− zoom • M radar • T theme • E export