“Do you want 7 to go into 28 a total of 13 times? Sure. Just hire a Big Four auditor, and he’s got a rubber stamp with your name on it.”
~ Gary Weiss thinks auditors are a joke.
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Did We Also Mention Our Flexible Work Schedule Arrangements?
- Caleb Newquist
- January 11, 2011
“We stand by the audit opinions issued by Ernst & Young relating to the financial statements of Lehman Brothers.”
~ Sarah Jurado, a spokeswoman for Ernst & Young in the UK, who sounds like she’s got the talking points down, quoted in Bloomberg.
The FASB Is Prepared for the Wailing and Gnashing of Teeth
- Caleb Newquist
- May 27, 2010
“[It] will not be very warm.”
~ FASB Chairman Bob Herz, on the financial services industry’s reaction to the Board’s new proposals for valuing loans and loan-like instruments at their market value.
In Other Words, “Our Numbers Are Good and My Old Boss Is a Pig.”
- Caleb Newquist
- August 7, 2010
“We thought it was important for people to appreciate that the announcement today has nothing to do with the operational performance of the company, it is all about Mark’s behavior and judgment.”
~ HP Chief Financial Officer Cathie Lesjak, who is now interim CEO after an abrupt resignation by Mark Hurd amid sexual harassment allegations.