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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Raymond Duray who wrote (5476)1/31/2002 12:42:46 AM
From: Yorikke  Read Replies (1) of 33421
 
Ray, the word is in many circles that GAAP are in themselves weak. That much of what went on was well within the realm of the 'new accounting' Gaap paradyme. Food for thought there. Not only may things be worse than people ever imagined....they may be worse than most accountants figured. <G>

So much for letting a geek profession police itself. Those guys started wearing the right suits and ties and got to calling themselves 'consultants' and that was all she wrote. Their books were cooked.
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