Famous Quotes & Sayings

The pleas entered today are admissions of guilt in one of the largest corporate accounting fraud schemes on record. This apparent but ephemeral performance by the company propped up its stock price, causing investors to suffer untold losses when the scheme collapsed.

We are pleased to report that all outstanding issues involving the SEC's financial review, as well as the accounting issues related to DFG, have now been resolved, ... Today's earnings release brings this matter to a close and we now look forward to proceeding with the Tyson transaction.

We believe that the accounting seems to proper and the company reports that it has been reviewed and approved by its auditors.

Mitch Daniels

We stand to gain up to several thousand more jobs at the Defense Finance and Accounting Service center, ... and the commission listened to our recommendations for Crane and saved half of the jobs that were recommended for transfer elsewhere.

Whether you are starting a career or you are a seasoned tax professional, the reasons to bring your career to the IRS keep adding up. If you want to be an expert in accounting and tax law, then the Internal Revenue Service is the place for you.

We've asked for all Texas officials to keep an accurate accounting of costs that are directly related to the relief effort so that we can ensure these are reimbursed." ()

With this accounting treatment, aimed at disposing bad debt, we are now bracing for a turnaround.

We're seeing cases of accounting improprieties that are being prosecuted criminally today that would not have been prosecuted that way 10 years ago.

We're seeing basically complete distrust in financial accounting in the Western Hemisphere. People are going to pack it up and go.

John Roberts

We can contend that we have already done what the statute envisions, ... The president has demanded an accounting from the Soviets, and has done so repeatedly.

We believe this project will have a significant impact on evaluations, income and balance sheets, and will become the major issue in financial accounting over the next five years.

Unfortunately, it will be impossible to complete the cash tender offer by the 28th. IBP continues to work with the SEC to resolve their accounting issues. After that work is complete, we will determine what effect these matters will have on our deal.

WorldCom could occur in any era, it's more traditional book cooking. It's hard to think of another one of these cases really is like Enron in the sense that it raises fundamental questions of accounting and financial reporting.

Ahmed Chalabi

We extend our deepest sympathies to the Kuwaiti people and hope it will now be possible to have a final accounting of their loved ones,

We feel that the traditional accounting measures designed to capture physical assets are deficient in capturing the full value of a firm.

We're flirting with key technical support levels. Markets rally but then can't sustain. There's continued nervousness about accounting and corporate profits, but no catalyst to move us out of it.

Accounting software is the first strategic business application that many small firms purchase, making it an important on-ramp for other business applications, which need to integrate with the accounting solution, and a first step towards higher end financial solutions.

Accounting is a hot domain with the number of accounting majors up nationwide. I think the recent scandals have brought a new level of attention to the accounting profession as gatekeepers and custodians of social interest.

Accounting errors were made; they will be corrected and they will be disclosed, ... Internal practices are being, and will continue to be, enhanced.

Accounting concerns continue to dominate the market. We're going to be seeing this 'Prove it to me' investing for a while.

Accounting and other issues are still overriding the market. There have been some reasonably good economic numbers but the earnings situation hasn't gotten as good as it could. You could make a case for the bull and the bear.

It's a shock and a surprise. With the resolution of accounting issues, a new president and new CTO, the company was moving forward.

Franklin Raines

Although to my knowledge the company has always made good faith efforts to get its accounting right, the SEC has determined that mistakes were made. By my early retirement, I have held myself accountable.

A lot of people thought there would be new accounting issues and there were none.

E. B. White

A lot of the legal firms and accounting firms that had locations in South Hampton Roads opened locations on the Peninsula. What we are trying to do is not different than what happened before.

A merger this huge creates a maze of affiliate transactions and accounting that will be difficult to oversee and audit.

Jim Costa

This Department of Treasury, run by this administration, using the same tried and true accounting methods that every business in America uses, cast new light on the fiscal severity that our Nation is facing, what some would call a mess.

This event highlights once again the difficulty in determining earnings for derivative transactions. It also encourages those who feel that bank accounting in this area is weak. It is a reason why many large banking companies have such low multiples on their stock.

This action reflects the commission's close scrutiny of accounting practices in the technology industry to make certain that the financial disclosure of companies in this area reflect present reality,

Donald Peterson

This accounting change in no way affects the actual value or security of our pension or post-retirement assets. No cash will leave the plan or flow back to Lucent as a result of this change.

this indicates possibility that there could be other accounting control issues.

It's not that Japan or Europe have better accounting systems than we do,

Richard Riley

Forensic accounting is not new. Accountants have provided fraudulent financial records investigation and litigation support to corporations, government and law enforcement for decades.