When accounting goes unaccounted for
“Though more needs to be done, we are seeing some signs of stabilization in the housing market, including house prices and sales in some key geographic areas.”
~ Charles Haldeman, CEO of Freddie Mac. The “more needs to be done” includes additional government funds.
“This…is wrong. To be clear, while I strongly believe in our commitment to high-quality accounting standards, I believe just as strongly that this commitment is only the beginning of the discussion, not the end.”
~ SEC Chair Mary Schaprio, on the Commission’s approach to IFRS.
“Our whole industry is useless.”
~ Unnamed Big 4 Auditor and GC reader
“The Street doesn’t care about accounting functions any longer. They don’t get into the nitty-gritty […]