RE: [CANSLIM] Accounting stuff (off topic, sorta)

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta)
Date: Sat, 13 Jul 2002 16:57:32 -0400

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Correction:  "...going to the companies' new accounting firms with the
accounts."

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller
Sent: Saturday, July 13, 2002 4:54 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta)


And, if you believe what we've seen lately in the press, the Andersen
auditors are going to the company's new accounting firms with the
account.  The SAME auditor will be in charge of the audit!

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little
Sent: Saturday, July 13, 2002 2:56 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta)


Let us assume that the second house does a full audit.
How much confidence can one have that the second audit is "good"? The
rules for treatment of the financials do not appear to be absolute, thus
the second audit could just be as full of controversy as the first,
perhaps in different areas, as the popular sentiment for criticism
changes.


- ----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, July 13, 2002 1:12 AM
Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta)


> Do you blame them for wanting to do a full audit?
>
> On 12 Jul 2002 at 23:05, Tom Worley wrote:
>
> > cool way for the Big 4 to increase their revenues and potential
> > earnings (BTW, who audits the auditors??). This way they will be 
> > able to charge
for
> > two full audits instead of just one, at the expense of the corps
> > (shareholders).
>
>
>
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