“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.”
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Bernanke: This Ride Isn’t Over
- Caleb Newquist
- August 28, 2010
“[W]e have come a long way, but there is still some way to travel.”
~ The Fed Chairman wants you to chew on that while he kicks it in Jackson Hole.
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The PCAOB Is Pleased with How the Whistleblowing Has Gone
- Caleb Newquist
- August 10, 2010
“We thought auditors and investors would like to have an avenue to report violations of accounting and auditing standards and financial fraud.”
~ Claudius Modesti, PCAOB Enforcement and Investigations Division director. Last year, the Board fielded 179 tips – a record – that alleged wrongdoing by audit firms and their employees.
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Quotes of the Day | 01.22.10
- Caleb Newquist
- January 23, 2010
“They’re never afraid to print rumor and innuendo. They’re keeping accountants and auditors honest, never afraid to write about the idiocy frequently displayed by finance professionals and executives.”
~ Tracy Coenen, of BloggingSuits and Fraud Files Blog on a certain website
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“It is self-debasing greed. It is avarice of the corrupted soul.”
~ Professor David Albrecht, Concordia College on those who will profit from a switch to IFRS from U.S. GAAP.