SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cynic 2005 who wrote (37027)4/28/1999 3:29:00 PM
From: IceShark   of 86076
 
Ok, I will take a look-see at snc tomorrow. BUT, finding these contingent sales scams or long term contract revenue recognition scams are damn near impossible from 10qs. It is even tough as an auditor with access to the internal documents.

I uncovered one of these scams when I was a young pup auditor, but only because I read the WSUrinal and recognized the joint venture partner was under heavy fire by the Feds and about to go to prison. So I pushed and feeling great resistance, pushed harder. The client tried to get me canned off the job and everything got pretty ugly. But the partner trusted and backed me. He was a great guy, likely one of the reasons he won a medal on Iwo Jima.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext