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  "documentTitle": "Eurofins Scientific SE (ERF)",
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  "notes": "Includes a specific comparison of 2022 vs 2023 accounting policy text with a red arrow highlighting the addition of 'net if an enforceable right... exists'.",
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      "text": "If a firm with Deloitte's resources makes mistakes of this magnitude, it is surely evidence of considerable audit risk, confusion in the accounts, and possible financial manipulation.",
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      "text": "In June 2023, Deloitte admitted in an audit matter to having miscategorized a quantity of approximately €682 million in the preceding year’s accounts.",
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      "text": "Returning to our view that Eurofins deliberately eschews intuitive and clear cash reporting, and that its structure is unnecessarily complex, we again conclude that Eurofins – and its cash accounting in particular – is optimized for malfeasance.",
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