A study reported in the Accounting Review suggests that insider trading may be a better sign a company is failing than the word of its accountants, probably because accountants are susceptible to management pressure when considering whether to issue a dreaded going-concern opinion.
Don't Trust The Accountants: Insider Selling A Better Sign Of A Failing Firm
Forbes - 10 Apr 2013 20:05
A study reported in the Accounting Review suggests that insider trading may be a better sign a company is failing than the word of its accountants, probably because accountants are susceptible to management pressure when considering whether to issue a dreaded going-concern opinion.
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