“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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Maybe Asking Tax Preparers to Post Grades in Their Windows Would Work?
“Taxpayers need to be able to distinguish between the professional capabilities and education of the different groups of tax preparers.”
~ Patricia Thompson, vice chair of the AICPA’s Tax Executive Committee
How Do You Make Up for Ignoring Massive Corruption?
“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]
Quote of the Day | 01.21.10
“But Byrne is evil. I’ll stand by that. More than evil, he’s soul-less evil. That said, I hope you understand that I don’t have anything against Byrne per se. I have things I want, and he stands in the way, so I now I’m removing him. At the same time, there’s no reason we can’t co-exist under specific circumstances.
~ William K. Wolfrum, on Farmville junkie and Overstock.com CEO Patrick Byrne.