“Our whole industry is useless.”
~ Unnamed Big 4 Auditor and GC reader
Related Posts
Quote of the Day: Is Michael Koss a Sad or Happy Clown? | 03.04.10
- Caleb Newquist
- March 5, 2010
“Michael Koss is a clown. He does not belong on the board of directors of any company. He needs to be minding his own company, and until he can clean things up there, he should not be allowed to go outside and play.”
~ Tracy Coenen, on Mr Koss’ resignation as the Audit Committee Chairman of Strattec Security Corp.
LeBron James’ CPA Needs to Get to Work
- Caleb Newquist
- July 10, 2010
“Wouldn’t you love to be Mr. James’s tax accountant right about now?”
Does Anyone Think Chris Van Hollen Actually Knows What ‘Enron-type accounting’ Is?
- Caleb Newquist
- January 5, 2011
Anyone?
If you want to call attention to bullshit political games, we humbly suggest, “bullshit political games.” Not this:
“This is a huge loophole for Enron-type accounting … In the rule they pass tomorrow they are going to reiterate that the chair of the budget committee has the authority to come up with his own estimate of the budget impact of various pieces of legislation.”
So aggressive revenue recognition, abusing mark-to-market accounting and SPEs = marginalizing the Congressional Budget Office. Got it?
Dems Accuse GOP Of ‘Enron-Type Accounting’ And Assaults On CBO [HuffPo]