When accounting goes unaccounted for
“We are pleased to have resolved this matter. We are committed to maintaining clear and accurate reporting of our periodic results, supporting our customers, and executing our growth strategy.”
~ Michael Dell doesn’t seem too broken up about today’s little setback.
“We thought auditors and investors would like to have an avenue to report violations of accounting and auditing standards and financial fraud.”
~ Claudius Modesti, PCAOB Enforcement and Investigations Division director. Last year, the Board fielded 179 tips – a record – that alleged wrongdoing by audit firms and their employees.
Our QOTD comes from Deloitte CEO Cathy Engelbert, who shared the stage with AT&T Business […]
“Yes, it is a success, if the objective was to demonstrate that people will take free money if you give it to them.”
– Joe Kristan, explaining the success of the homebuyer tax credit program, which ends today.