When accounting goes unaccounted for
“Accounting is the CEO’s “weapon of choice” that transforms the perverse incentive into what economists, regulators, and criminologists agree is a “sure thing” in crises (means).”
~ William K. Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City.
Anyone?
If you want to call attention to bullshit political games, we humbly suggest, “bullshit political games.” Not this:
“This is a huge loophole for Enron-type accounting … In the rule they pass tomorrow they are going to reiterate that the chair of the budget committee has the authority to come up with his own estimate of the budget impact of various pieces of legislation.”
So aggressive revenue recognition, abusing mark-to-market accounting and SPEs = marginalizing the Congressional Budget Office. Got it?
Dems Accuse GOP Of ‘Enron-Type Accounting’ And Assaults On CBO [HuffPo]
[Translated from German to English] “When the times are good, [PwC] hires young talent en […]
That’s Dan Black, Global Talent Acquisition Leader at EY, in an interview with HR Grapevine. […]