When accounting goes unaccounted for
“I believe the time has come for us to ask Congress to change the law and make our enforcement proceedings public, unless there is some good reason for a particular matter to be closed.”
~ Dan Goelzer, Acting Chair of the PCAOB, would like to get things out there.
“It was a very soft sell, but 40 signed up.”
~ The Oracle of O probably didn’t even mention the fact that the estate tax will eventually come back.
“Instead of reprising their partisan, tiresome, and largely unproductive argument about what to do with the Bush tax cuts, President Obama and Congress ought to be asking a very different question: How do we build a tax system capable of generating the revenues we need to fund the government we want in the most efficient and fair way possible?”
“I have not violated any House rules. Therefore, I simply will not be forced to admit to something I did not do.”
~ The California Congresswoman, in a statement, won’t be going quietly.
“I didn’t want to leave BP, because I love the company. Because I love the company, I must leave BP.”
~ Tony Hayward may, as some have suggested, have a future as a poet.
“Sixty years ago, I survived a Chinese attack in North Korea and have said that I haven’t had a bad day since. But after today, I may have to revise that statement.”
~ Rangs had a helluva run. Not that it’s any consolation.
“Without a budget in place that addresses our $19 billion budget deficit, every day of delay brings California closer to a fiscal meltdown,”
~ California Governor Arnold Schwarzenegger probably wouldn’t mind having the ability to go back in time and try to do something. Anything.
“We have followed the IRS regulations as they’re currently written.”
~ The outgoing BP CEO, explaining the $9.9 billion tax credit the company took in the second quarter.
“I’m guessing that if Mike Tyson walked into a job interview for a financial analyst position at PricewaterhouseCoopers with his half-face tribal tattoo, he probably wouldn’t be asked back for a second interview.”
~ Brie Reynolds, over at Ology, is making the assumption that the baddest man on the planet wouldn’t be able to provide the PwC Experience.
“I’m in the kitchen and I’m not walking out.”
~ The 80-year old Congressman would prefer you to bring it.
“We are pleased to have resolved this matter. We are committed to maintaining clear and accurate reporting of our periodic results, supporting our customers, and executing our growth strategy.”
~ Michael Dell doesn’t seem too broken up about today’s little setback.
“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.