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Accounting = Weapons of Mass Destruction

Posted on July 20, 2010 by Caleb Newquist

“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.

Posted in Quote of the DayTagged I can't overstate this enough, WMDs

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