CFRA, a U.K.-based provider of independent forensic accounting research and due diligence services, has launched QuickScore, a proprietary earnings quality model. With it, clients can generate rankings of earnings quality risk for over 3,300 public companies in the U.K. and Continental Europe, based on key accounts and metrics used by CFRA analysts in the early stages of their forensic accounting research process.The QuickScore earnings quality model was made available to the institutional investment community in Europe, and complements CFRA's European offering, which now includes a complete end-to-end forensic accounting research suite. In addition to the QuickScore model, the suite includes in-depth research reports, unlimited access to CFRA's analyst team, an online database of company notes, accounting-oriented industry analyses, topical educational research, on-site roundtable presentations, and proprietary conference calls.
The model provides a quantitative ranking (by decile) measuring discretionary, non-cash components of earnings growth. This scoring is proven to help identify companies with earnings quality risk, which are more likely to experience earnings disappointments, restatements, regulatory actions and shareholder lawsuits. The QuickScore tool also helps to identify companies that warrant further in-depth review.
In addition, clients also can download the QuickScore Diagnostic, which provides a disaggregated explanation of the earnings quality score, as well as an overview of key earnings-quality ratios and metrics for further analysis.
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