Originally posted by SVTCole:
It's all Fmr12Bs fault and scum like him! :p
I sat next to some accountants once on a plane and it came up that they had just finished an audit of a companies books. When I pointed out that they were being paid by the very company they were auditing, one got defensive and the other fessed up that it probably is a conflict of interest. But what is the alternative...government funded auditing of every company's books.
I am currently working on 3 clients this week and next and reviewing there quarterly results, all will have a formal press release.
Remember us scum have done our best to keep things on the up and up, it is not AA's fault that Enron collapsed. You are only as good as the information that is supplied to you. Regarding there off balance sheet financing, the SEC had a major loophole which did not require disclosure.
We do not go in tearing through a companies books, we make sure it is materilly correct.
I wish for the day that I become a Govt. employee! No more hurried audits with deadlines so Wall Street gets there numbers, no more un paid OT. I had 357hrs last year
Weekends off, all the major holidays, great benefits, and an excellent retirment plan. Bring it on and let see how unproductive I become!
I'm not scum
rat bastid yes, Scum No!
The three publics I audit had a dismal day in hte market. Software company, closed at 40 cents or so. Life Science/medical tech. company closed around $1.06 and my Billion $ balance sheet network company which is profitable closed around $10.
6-months ago, $2, $5, and $35 respectively.
Too bad I'm precluded from investing in them
