“The IRS has conducted an unprecedented outreach effort in the tax-exempt sector on the 2006 law’s new filing requirements, but many of these smaller organizations are just now learning of the May 17 deadline.”
~ Doug Shulman, IRS Commissioner
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Maybe If We Put Internal Controls Last, No One Will Notice
- Caleb Newquist
- August 21, 2010
“That is quite a risk to put at the end of the list.”
~ Peter Henning isn’t so sure that General Motors is taking the whole “disclosure controls and procedures and our internal control over financial reporting are currently not effective” serious enough.
Quote of the Day: Ms. Schapiro, Your Response? | 03.23.10
- Caleb Newquist
- March 24, 2010
“The S.E.C. seems more interested in needlessly investigating market participants rather than uncovering corporate malfeasance and protecting investors.”
~ Greenlight Capital Press Release addressing the Commission’s failed investigation of Allied Capital.
We’ll Drag Them Kicking and Screaming if We Have To
- Caleb Newquist
- November 16, 2010
“Then what we’ve done is lay a predicate for this next Congress to deal with where we have $3 of spending cuts for every dollar of revenue increase.”