When accounting goes unaccounted for
“Uncertainty about the sustainability of the recovery continues to limit planned investment and hiring.”
~ Professor Mark Lang on the results of the AICPA/University of North Carolina’s Kenan-Flagler Business School survey of CPAs in leadership positions.
“I believe the manner in which the Firm is reporting these assets is potentially misleading to the public and various governmental agencies.”
~ Matthew Lee, former Lehman Brothers Senior VP in charge of consolidated and unconsolidated balance sheets, in a letter to certain LEH executives. He was fired.
“A lot of CPAs would agree that last year was the worst tax filing season […]
“The answer to that question for both proponents and detractors of the bill is to read it. All of it. Then decide.“
~ Steven M. Davidoff, the Deal Professor, read all 2,300 some-odd pages and just assigned all of you some homework. It’s going become law after all.