The availability of different sets of financial information for the same entity, each of which is purporting to be a fair presentation, undermines the overall credibility of the financial information and makes the market inefficient.
如果同一实体有着几套不同的财务信息，其中每一套都宣称属于公正的陈述，那么财务信息的总体可信度就会受到损害，市场的效率就会低下。