“He flies in the face of business sense, fashion manufacturing and retailing sense.”
~ Bryan Roberts, research director for retail analysts Planet Retail, couldn’t get through to Deloitte in time with this message.
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Bernanke: This Ride Isn’t Over
- Caleb Newquist
- August 28, 2010
“[W]e have come a long way, but there is still some way to travel.”
~ The Fed Chairman wants you to chew on that while he kicks it in Jackson Hole.
GAO: SEC Basically Needs to Replace Their Entire Accounting System
- Caleb Newquist
- November 19, 2010
“These material weaknesses are likely to continue to exist until the SEC’s accounting system is either significantly enhanced or replaced, key accounting activity in other systems is fully integrated with the accounting system at the transaction level, information security controls are significantly strengthened, and appropriate resources are dedicated to maintaining effective internal controls.”
~ From a report issued by the Government Accountability Office
Memo to IRS: Regulating Tax Preparers Is Not ‘Mission Critical’
- Caleb Newquist
- August 11, 2010
“We believe that the IRS has neither demonstrated the need for extending the non-signing preparer requirements to CPA firms nor that its proposed testing program merits shifting IRS resources away from other mission-critical programs.”
~ Thirty-one members of Congress sent a letter to Tim Geithner, asking TG, Doug Shulman & Co. to, pretty please, reconsider the requirement for non-signing CPAs.