When accounting goes unaccounted for
“The SEC at least knew of this issue and tried to inquire when they could.”
~ Don Whalen, AuditAnalytics.com’s director of research, is referring to the Commission’s knowledge of repurchase agreements used by various companies as early as 2004, but could easily be talking about Bernie Madoff.
“Do you want 7 to go into 28 a total of 13 times? Sure. Just hire a Big Four auditor, and he’s got a rubber stamp with your name on it.”
~ Gary Weiss thinks auditors are a joke.
“They do hard work on behalf of the American citizens, and an act like this won’t stop us from doing our jobs with dignity and respect for Americans.”
~ Doug Shulman, the Commish, on IRS employees.
Yesterday Adrienne wrote an excellent post about winners and losers in accounting during the coronavirus […]