When accounting goes unaccounted for
Well done people. Your creativity is unmatched. Here’s the poll to appease your craving for democracy. Since we know this will be a tough choice, the poll closes at 11:59 pm on Monday, giving you the weekend to ponder your decision.
Vote, after the jump
This after speculation earlier about whether Davis would flip. Looks like he’s going to sing:
James Davis, the former chief financial officer of Stanford Financial Group and who is facing charges related to an alleged $7bn fraud at the group, intends to plead guilty to the three charges against him, his attorney told the Financial Times.
Attorney David Finn, who is representing only Mr Davis, told the FT there would likely be a “procedural not guilty plea” entered at his arraignment, but that his client would ultimately plead guilty to the charges against him “once all the details are worked out.” Mr Davis is due to appear in court in Houston on July 13.
You got that ticket to hell stamped, Stan?
Stanford CFO James Davis “intends to plead guilty”, laywer [sic] says [FT Alphaville]
The PCAOB would like all of you auditors to know that you better learn how to use this Codification thing and quit your bitching about how you don’t like it because they can hear you screeching about how much it sucks.
Nevermind that the P is already making your lives difficult with new rules and leaving lame ducks on their board.
Seriously. Get with the program.
We just received word that Crowe’s CEO, Chuck Allen left a firm-wide voicemail announcing that the firm was having layoffs.
According to our tip, CH had “a lot of forced time off during the summer” and that “Oakbrook assurance has seen some movement.” Also, our source indicated that “Firm isn’t announcing specifics besides that its happening.”
So far, our calls and emails to Crowe Horwath have gone unreturned. We’ll update you with any comment or further information they may provide. If you have details on Crowe Horwath layoffs from any office, send the details to tips@goingconcern.com and discuss in the comments.