It's always fun when a new writer dips a toe in the turbulent Going Concern waters.
Last week we welcomed Chris Hooper to the fray. He's from Adelaide, South Australia, a partner at his firm and an accounting futurist. And like any good futurist, he's predicting the end of the world, the accounting world, in this case. But don't worry, it's not some Mad Max wasteland that you may have envisioned.
Chris' GC debut was met with a mix of scorn and accolades, which is a good sign, and he's mixing it up with peanut gallery (another good sign).
We're expecting more from him over the coming weeks and months, so go check out his first post and look for more from him soon.
Have a great week.
Focus Media Chief Financial Officer Kit Low disputed Muddy Waters’ claims on a conference call Tuesday with analysts, saying that the firm’s report misinterpreted LCD-display numbers and financial data. He said Muddy Waters concentrated largely on Focus Media’s mergers and acquisitions, but the company hasn’t made any “major acquisitions in the past three years” because it is putting more emphasis on its core business. Focus Media Chief Executive Jason Jiang criticized short-sellers in a message posted on his verified account on China’s Sina Weibo microblog service. “Why isn’t anyone suing these short sellers who are just spreading malicious rumors everywhere?” the message said. “These people should be punished according to the law!!!” [