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If you're a momentum investor, the following list might interest you.

Below we present a list of 7 companies with conservative accounting and governance practices, as measured by Audit Integrity, the forensic accounting firm. All of these companies have also raised earnings guidance above analyst estimates during 2011.

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Audit Integrity releases the Accounting and Governance Risk (AGR) rating, which is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices. The closer the score is to 100, the more conservative the company's accounting practices, according to Audit Integrity.

Do you trust these companies to follow through with their earnings guidance? Read below, using this list as a starting-off point for your own analysis into companies raising guidance.

List sorted by AGR score.

1. OmniVision Technologies Inc. (OVTI): Semiconductor Industry. Market cap of $1.83B. Guided Q4 at $0.57-0.70 vs. estimate of $0.45. According to Audit Integrity, the company has Conservative accounting and governance risk, with an AGR score of 96. The stock has gained 76.64% over the last year.

2. LTX-Credence Corporation (LTXC): Semiconductor Equipment & Materials Industry. Market cap of $438.71M. Guided Q3 at $0.17-0.21 vs. estimate of $0.13. According to Audit Integrity, the company has Conservative accounting and governance risk, with an AGR score of 95. This is a risky stock that is significantly more volatile than the overall market (beta = 2.53). LTXC might be undervalued at current levels, with a PEG ratio at 0.62, and P/FCF ratio at 6.47. The stock has lost 18.32% over the last year.

3. Robbins & Myers Inc. (RBN): Diversified Machinery Industry. Market cap of $1.82B. Guided Q2 at $0.40-0.50 vs. estimate of $0.34. Guided FY11 at $1.85-2.05 vs. estimate of $1.60. According to Audit Integrity, the company has Conservative accounting and governance risk, with an AGR score of 95. After a solid performance over the last year, RBN has pulled back during recent sessions. The stock is 9.59% below its SMA20 and 8.27% below its SMA50, but remains 20.89% above its SMA200. The stock has gained 62.4% over the last year.

4. Sun Hydraulics Corp. (SNHY): Industrial Equipment & Components Industry. Market cap of $741.39M. Guided Q1 at $0.50-0.53 vs. estimate of $0.40. According to Audit Integrity, the company has Conservative accounting and governance risk, with an AGR score of 91. The stock has gained 59.62% over the last year.

5. HB Fuller Co. (FUL): Specialty Chemicals Industry. Market cap of $1.06B. Guided FY11 at $1.75-1.85 vs. estimate of $1.70. According to Audit Integrity, the company has Conservative accounting and governance risk, with an AGR score of 89. The stock has lost 7.42% over the last year.

6. Triple-S Management Corporation (GTS): Accident & Health Insurance Industry. Market cap of $577.47M. Guided FY11 at $2.13-2.23 vs. estimate of $2.09. According to Audit Integrity, the company has Conservative accounting and governance risk, with an AGR score of 89. The stock has gained 10.32% over the last year.

7. Chemed Corp. (CHE): Home Health Care Industry. Market cap of $1.44B. Guided FY11 at $4.65-4.85 vs. estimate of $4.11. According to Audit Integrity, the company has Conservative accounting and governance risk, with an AGR score of 86. Relatively low correlation to the market (beta = 0.25), which may be appealing to risk-averse investors. The stock has gained 23.48% over the last year.

*Earnings guidance data sourced from briefing.com, all other data sourced from Finviz.

Source: 7 Companies With Conservative Accounting Practices Raising Earnings Guidance