If companies are assuming similar returns now, as Patricia McConnell, the Bear Stearns accounting guru, says is likely, there are more overstatements this year.
To call Gordon Brown "almost legally blind" is something of an overstatement; more seriously, the Swedish galleon the Vasa did not capsize on its maiden voyage in 1628 because, as he asserts, Swedish and Danish carpenters working on the left and right of the ship were using different measures, but because the grandiose poop deck made the ship top-heavy.
But I like the more day-to-day overstatement – like saying you're starving when really you're just peckish.
(The S.E.C. suit calculated an overstatement of more than $700 million, less than that listed by prosecutors, because the regulators examined activity in a slightly different period).
Four of the authors (NS, MD, YM and DO) are closely involved in the implementation of the MEPI grant, participated as interviewees as well as in the development of the manuscript which may have led to more positive reporting and overstatement of results, than if there was an independent evaluation.
As such, Mr. Faso, the Republican candidate and a former assemblyman, was more prone to making overstatements or mistakes on Thursday night than Mr. Spitzer, the Democratic attorney general, who played it mostly safe.
To judge by the absence of Labour politicians at the party (there were more Tory MPs), that is an overstatement.
C3 Bad Accounting at AOL AOL Time Warner disclosed that securities regulators believe that the company improperly overstated its revenue by $400 million, a figure more than double a previous overstatement, over two years.
Not surprisingly, the cuts that narrowed their full samples to self-reported registered and likely voters made the SurveyMonkey results more Republican and introduced some overstatement of Republican performance.
Reports have shown that overstatement bias was more pronounced in older than younger decedents [ 2].
