“It’s been my experience that an ‘out of office’ response means nothing anymore.”
~ Edward T. Creagan, a medical oncologist and writer of the Mayo Clinic Stress Blog.
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In Case You Are Unclear, The P in GAAP Stands For Principles
- Adrienne Gonzalez
- April 29, 2010
“U.S. GAAP is founded upon principles, that’s what the P is supposed to stand for.”
– SEC Chief Accountant James Kroeker arguing at a Pace University IFRS discussion that GAAP is just as principles-based as IFRS.
Your Concern About a Big 4 Failure Is Duly Noted
- Caleb Newquist
- November 24, 2010
“I don’t see that is on the horizon at all.”
~ Deloitte Global Chairman John Connolly, responding to UK lawmakers about the risk of a Big 4 failure.
Quote of the Day: Kansas Jayhawks Fans Can Quit Crying at Any Time | 03.22.10
- Caleb Newquist
- March 23, 2010
“It is most accurate to say that prior to the game, most people thought that KU would win the game. Many, though, thought [that] UNI’s chance of winning was at least reasonably possible. If KU supporters didn’t think enough of UNI to … acknowledge its chance[s], it just shows they weren’t thinking.”
~ Professor David Albrecht, on why Northern Iowa’s “upset,” at least from an accounting perspective, wasn’t really an upset.