Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta)
Date: Sat, 13 Jul 2002 21:34:29 -0400
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Auditors only present an audited report for the Q4 / end of year typically. The other three quarters are produced by the company's accounting staff / CFO. And we have seen a number of companies lately where both the CEO and CFO quite clearly knew what was going on, and knew it was wrong. - ----- Original Message ----- From: "J. Lobatto" <jlobatto@nyc.rr.com> To: <canslim@lists.xmission.com> Sent: Saturday, July 13, 2002 9:29 PM Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) Have to admit I find this provision of the law fairly bizarre. How can a CEO or CFO of a huge corporation personally verify the accuracy of a financial report. Is he or she supposed to hire his own auditors to audit the report. If I were facing a possible criminal charge for false certification, I'd want to........ Jon - ----- Original Message ----- From: "Tom Worley" <stkguru@bellsouth.net> To: <canslim@lists.xmission.com> Sent: Saturday, July 13, 2002 6:56 PM Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > I think you are referring to a new requirement that the CEOs and CFOs > personally certify the accuracy of their Q3 financial reports. A false > certification would be subject to criminal prosecution. > > ----- Original Message ----- > From: "zillagirl" <zillagirl@email.msn.com> > To: <canslim@lists.xmission.com> > Sent: Saturday, July 13, 2002 6:54 PM > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > I heard that starting in August the law is different and these people and > the CEOs will be breaking the new laws?? Didn't listen to all the details > because I thought Id hear it again by then. I was wondering if a lot of > these companies will try to restate to get in under the wire. > ----- Original Message ----- > From: "Duke Miller" <dukemill@tampabay.rr.com> > To: <canslim@lists.xmission.com> > Sent: Saturday, July 13, 2002 1:53 PM > 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). > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or -"unsubscribe > > > canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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