# Professor Baruch Lev's research on the usefulness of financial reports is mentioned

1 Faculty News November 11, 2019 ![moneyweb-logo_190x145](/sites/default/files/styles/246w/public/assets/images/moneyweb-logo_190x145.png?itok=NWzXE4JN)>

Excerpt from [Moneyweb](https://www.moneyweb.co.za/news/companies-and-deals/why-you-should-take-published-financial-statements-with-a-bucket-of-salt/) -- "In a study on the usefulness of published accounts, researcher [Baruch Lev](https://www.stern.nyu.edu/faculty/bio/baruch-lev) places much of the blame on the proliferation of estimates in financial reports: 'To a large extent, financial reports are based on estimates, judgements, and models rather than exact depictions,' he says."

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