In an Investor Advisory Group meeting held earlier this week, PCAOB Chairman James Doty said he hoped the third version of the Board's partner naming proposal would be finalized "by the end of the year." That should help the IMA fathom such an "insult to the accounting profession." [CW (Sub. req.)]
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Count Your Blessings For Not Being on These Horrible Inventory Counts
It's that time of year again, I'm busy doing a year-end inventory count of my cats and there may be a few of you huddled in freezers and barns and warehouses around the country asking yourselves "I mean just how material is this variance?"
We asked the auditors out there to share some inventory count horror stories and here are some of the best (or is that worst?).
Let's get right to it: