“Our whole industry is useless.”
~ Unnamed Big 4 Auditor and GC reader
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Quote of the Day | 01.19.10
- Caleb Newquist
- January 20, 2010
“Audits are of limited usefulness – the scope of work is so small and is done in such a compressed time, usually at the end of the year. And the work that auditors do is predictable.”
~ Tracy Coenen, of Fraud Files Blog, in regards to the how Sue Sachdeva allegedly pulled off a $31 million embezzlement at Koss under the nose of Grant Thornton (Steve Chipman may need a pair of these to drown out the attorneys). [Milwaukee and Southeastern Wisconsin Business News]
Quote of the Day: Does 1,800 Visits in 17 Days Constitute a Porn Addiction? | 02.04.10
- Caleb Newquist
- February 5, 2010
“If you go to HR and tell them you have a drinking problem, they’ll give you hotlines and help. If you say you have a porn problem, they’ll get security to throw you out.”
~ Michael Leahy, the author of “Porn @Work” and “Porn Nation” on porn addiction, which may be rampant at the SEC.
Bernie Madoff Doesn’t Sound Particularly Remorseful
- Caleb Newquist
- June 8, 2010
“Well, that’s what I did.”
~ Bernie Madoff’s to a fellow prisoner telling him that taking advantage of old ladies was “kind of fucked up.”