“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]
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Quote of the Day: So We Should Expect That SEC Filing Any Day Now? | 02.08.10
- Caleb Newquist
- February 9, 2010
“In my opinion, KPMG will resign the engagement if there is reason to doubt management integrity, and will not be rushed into issuing an audit opinion by NASDAQ-listing deadlines needed to avoid Overstock.com becoming a Pink Sheet or Bulletin Board stock.”
~ Howard B. Sirota, former lead counsel in Crazy Eddie class action suits
Good Thing They Had Auditors
- Caleb Newquist
- August 31, 2010
“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.
This Is How Email Scandals Start
- Caleb Newquist
- November 12, 2010
“At work, but not much to do.”
~ The status message of an accountant in China who was fired a few days later, thus preventing her from ranking any of her attractive co-workers.