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Your Concern About a Big 4 Failure Is Duly Noted

Posted on November 24, 2010 by Caleb Newquist

“I don’t see that is on the horizon at all.”

~ Deloitte Global Chairman John Connolly, responding to UK lawmakers about the risk of a Big 4 failure.

Posted in Quote of the DayTagged Big 4, deny 'til you die, John Connolly

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“An auditor’s report tells less about a public company’s health than a doctor’s report tells about an individual – in scope, detail and precision. And if investors and other financial information users are not happy, they are doing nothing to make their dissatisfactions effectively known.”
~ Jim Peterson, from his post “Medical Check-Ups and Annual Audits: What if Your Doctor Reported Like Your Accountant?” at Re:Balance.

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“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”

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