When accounting goes unaccounted for
Leave it to PwC to deliver its “Be Well, Work Well” message in a weird and confusing way.
Their futures are so bright, they gotta wear shades, I guess. Or it’s to hide the enormous bags under their eyes from the lack of sleep they get because of all the hours they work at PwC, leading to mental and physical exhaustion. One or the other.
It’s one of our favorite times of the year at GC HQ when our friends […]
Don’t an expect an apology from PwC, like some firms.
PwC declined to comment.
UPDATE: Can you believe that they didn’t bother to call us? BBW reports:
The Commodity Futures Trading Commission sent the subpoena seeking information about $633 million missing from customer accounts, said the person, who spoke on condition of anonymity because the matter isn’t public. The subpoena was received yesterday, the person said.
Barry Minkow has a message for InterOil auditors at PwC and it appears as though he would really, really like for P. Dubs to remember its fiduciary responsibility. So much so that he even made a video to help drive the point home so let’s hope this lands where it is supposed to and PwC considers Barry’s friendly suggestions.
“InterOil and its CEO have shown a troubling pattern of behavior that goes back to the company’s founding in 1997,” Minkow said. “We’ve seen inflated assets, a missing report from world-class Netherland Sewell, no major partners willing to put up cash for its proposed LNG plant, a recent bad-faith bankruptcy filed by CEO Phil Mulacek for a company he controls, and unreported $5.7 million commission, insiders dumping tons of stock last month, hyped press releases, and the list goes on. In fact, the only thing we haven’t seen from InterOil is any commercial oil or gas.”
Previously: Let’s Take a Closer Look at This Shia LaBeouf and InterOil Situation