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China's ability to reform is overstated by Westerners.
Profits were overstated by $170 million, or nearly 80percentt.
WorldCom says its cash flow was overstated by $3.8 billion.
Trading profits were found to have been overstated by £326m.
One reason is that China's growth rates are anyway overstated by the official statistics.
China's growth figures have always been overstated by one or two percentage points, at least.
Official growth is overstated by, perhaps, one to three percentage points.
The Conservative vote was understated by 1.8% and the Labour vote overstated by 3.7% in byelections.
The audit found that "proved total reserves are currently overstated by some 40percentt".
The monarchy's virtues and weaknesses are often overstated by both sides.
On 22 September, Tesco shares slump as it admits that profits were overstated by £250m.
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