Lynn Turner
Lynn Turner
admitted advocate against attorney counsel defense engage executives federal indeed investors message prosecutor rare sending shoulder stand thinking wonder
One can only wonder what message the U.S. attorney was thinking of sending to other executives who engage in such behavior. It is indeed rare that a federal prosecutor would stand shoulder to shoulder with the defense counsel of an admitted felon who bilked investors of over $3 billion, and against the advocate for investors, the SEC.
agreed along aware case noted number problem release saw time
As it's noted in the release Andersen was aware of the problem and agreed to go along with it. That is problematic not only in this one but time after time after time at the SEC we saw that occurring, unfortunately in this case the number are just humongous.
friends-or-friendship people sent
I sent it to my friends, and I sent it to my husband. I just sent it to people who I thought were speeders.
company cooking excuse executives foremost numbers people stirring
First and foremost it is the company, it's these executives that put these numbers together, it's not the auditors. So the people who are actually in the kitchen, cooking the books, stirring the stew, so to speak, are these executives, and there is no excuse for what happened.
doubt number
There's no doubt that the number of restatements will be an all-time record, by a long shot.
guy nice
It's fantastic, ... He's a very nice guy for a politician.
approve assume complete consistent council decision determines
If the council determines not to approve the funding, we assume that will be consistent with a decision not to complete the investigation.
financial indeed investors needs reporting trouble
If that is what the SEC accepts, then investors are in trouble and our financial reporting indeed needs improving,
company delayed errors given guys job money people repeated resulted spent surprising taxpayer
These guys had repeated instances of errors in their financials, delayed filings and people who could not get their job done, who had to be reassigned. It is surprising given all the shareholder money that was spent by the company and taxpayer money spent by the SEC on this investigation, nothing has resulted from it.
auditors avoid certainly dice less paying perhaps rolling share sold sympathy
While I certainly don't have sympathy for the auditors and accountants who sold the shelters, I have perhaps even less sympathy for those who were rolling the dice just to see if they could avoid paying their share of taxes.
confidence good greater investors news numbers overall result
The good news is, as a result of that process, investors should have greater confidence overall in the numbers going forward.
areas certainly gone improvement seen
We certainly have seen some improvements in governance, but we've also seen some areas of no improvement, and some areas where things have gone backwards.
Yes, I would, but only because it is him.