“Whatever good things international accountancy firms are doing in Russia – and I’m sure there are a few – blowing the whistle on massive corruption isn’t really one of them.”
~ Tim Wall, in the Moscow News. [via Re:The Auditors]
Category: Quote of the Day
Nikki Haley’s Accounting Skills Are Being Called into Question
“Every time she touches a balance sheet, she leaves behind a tral [sic] of tax liens and penalties. If Rep. Haley really is an accountant, she is as incompetent as her mentor is at job recruitment.”
~ Trav Robertson, spokesman for South Carolina Gubernatorial candidate Vincent Sheheen, is talking out of his ass a little but the jab at Mark Sanford is duly noted.
Tax Policy Rhetoric Déjà Vu
“Watching this speech, I’ve determined that Obama will win the 2008 election.”
~ Philip Klein has heard this before, although John Boehner subs for George W. Bush.
Paul Hogan Is Pleased to be Back on U.S. Soil
“I have come to this great tax haven, the USA, where the IRS are gentlemen compared to our lot.”
~ Mick Dundee isn’t making a helluva lot sense but it’s fine, he’s still more or less a celebrity.
How Is the Homebuyer Tax Credit Like Jason Voorhees?
“Like the killers in those really bad slasher movies, this tax subsidy wreaks havoc wherever it goes, appears to meet its demise in the last reel, yet returns to create more misery.”
In Other Words, Nicolas Cage’s Accountant Is Probably Counting Some Money
“Nic is happy that it is resolved.”
~ A TMZ “source,” on the settlement reached between NC and his former accountant, who were both blaming each other for Cage’s financial trubs.
Famous Last Words
“The lawsuit is a bunch of BS. They’re throwing everything at me. I’m not afraid of the IRS.”
~ William Alexander, on allegations brought against him by the IRS.
Good Thing They Had Auditors
“Lehman’s books were in such a mess that I don’t think they knew where they were.”
~ Elizabeth James, a director of Barclays’s futures business, testifying in bankruptcy court.
Bernanke: This Ride Isn’t Over
“[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.
As to Whether Allen Stanford Knew His CDs Were Worthless
“I think it’s obviously obvious.”
~ Forensic accountant Mark Berenblut, responding in the affirmative that R. Allen Stanford knew he was “misrepresent[ing] the liquidity and soundness of the CDs.”
Dov Charney’s Business Sense Doesn’t Include Reliable Financial Statements
“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.
Why Would Someone Want to Buy a Sports Franchise?
“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”
~ Brian Beerman of Beerman, Piper & Associates LLP insists that championships are NBD.