"want consistency over accuracy."
Their clients
"don't want to explain the differences."
I do consider this unfortunate, because we can liken it to the ostrich who buries their head in the sand; they don't want to know what's really going on.
I wonder how common this is? The GIPS(R) (Global Investment Performance Standards) now require compliant firms to have an error correction policy. Firms can, of course, choose a very high level as being "material," which could obviate any need for making corrections. But what's wrong with correcting something that's been updated? Surely firms know that there can be errors! Oh, well. Perhaps there's something to be said for consistency ... just not sure what it is.
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