When accounting goes unaccounted for
“If we can’t get converged (on financial instruments), it would suggest the convergence effort is going to be challenged and questioned on a significant basis.”
~ FASB member Tom Linsmeier levels with everyone on the FASB’s big test in the convergence process this fall.
“They do hard work on behalf of the American citizens, and an act like this won’t stop us from doing our jobs with dignity and respect for Americans.”
~ Doug Shulman, the Commish, on IRS employees.
“In my mind you are largely responsible for the market collapse in 2007, 2008, 2009.”
~ John Sherman, in a public comment on the FASB’s proposed fair value rule, most of which are really, really, really not nice.
From the Wall Street Journal on Dec. 21: Deloitte, infected in late June according to […]