ACRT about to move to new highs Message Board

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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: Mr. Pink who wrote (6240)	7/31/1998 9:28:00 AM
From: Randall Rosen	Read Replies (2) of 7054

Alright, pinkie. I guess that means that you are not a CPA. Therefore, unless you truly are a boring person, you have no knowledge of GAAP (stands for generally accepted accounting principles). Also, accounting firms are required to follow the FASB's which dictate proper accounting treatment for certain companies. If you don't know about these, how can you say that TAD's are recorded incorrectly and fraudulently? If you say your accountant tells you so, then ask him precisely which FASB dictates how they should be recorded and why they're not done correctly now? These are FACTS we're dealing with, so make sure you get the right number and we can all review it. I will find it and post it for everyone. As far as auditing goes, firms are required to follow GAAS (stands for generally accepted auditing standards) and so you know, they dictate that firms do NOT perform their audits with the intention of detecting fraud. If they do find some, they are required to report it to management. If nothing is done, they should withdraw from the engagement. ACRT still has the same auditors. How can that be?

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