“It is an important step towards a single global principle-based standard that would make it absolutely clear when revenue is recognised-and why.”
~ Sir David Tweedie is pretty happy with how the converged revenue recognition standard turned out.
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Wanted: Big 4 Bean Spillers
- Caleb Newquist
- December 3, 2010
“Zero Hedge kindly requests any and all Big 4 (and all other) accounting firm whistleblowers to please stand up and let us know of any and every case of improper accounting they are aware of (preferably with supporting documentation).”
It’s Been Awhile Since Charlie Rangel Had a Bad Day
- Caleb Newquist
- July 30, 2010
“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.
Quote of the Day: From ‘Rockstar’ CFO to Mowing Lawns | 04.12.10
- Caleb Newquist
- April 13, 2010
“Before the fraud broke, people would ask me what I did before I retired and I’d say I was founder and former CFO of HealthSouth. But today when people ask me what I did before I retired I kind of look away and say I was an accountant and hope they don’t ask me any other questions.”
~ Aaron Beam, former CFO of HealthSouth and current lawn-care business owner, at the University of Texas-Dallas Fraud Summit, earlier this month.