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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (3101)	2/26/2002 3:27:42 PM
From: The Duke of URL©	Read Replies (2) \| Respond to of 5185

Criss, this is the problem. If you are an executive, you know the fastest way to get you into trouble is not to make what are called "material misstatements" of facts about the company. Chris, you are obviously not an accountant. What if the largest Accounting firm IN THE WORLD tells you that this is the manner in which to prepare the income statements. They are a bigger company than your company, and they have all the power in the world to destroy your company, and they say, do it this way, this is legally the way a CPA would do it. Against that, you have one pissant accountant who has been doing it that way for 8 friggin' years, AFTER your big accountants tell you that because of a change you must now disclose it, ONLY THEN does this little pissant tells you BY AN ANONYMOUS LETTER that that's true, and then she proceeds to spout some off the wall rule that she has made up, that is dead wrong and that the 350 CPA's that work for you say is dead wrong, and she only does this to protect her own ass AFTER she has dumped her own stock on the market. You think that it is "pathetic". You have never been there.