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To: long-gone who wrote (87487)6/27/2002 3:55:29 PM
From: Ahda  Respond to of 116753
 
Richard when issuing a statement or questioning the method in which a figure can be interpreted you ask your CPA firm for advise. The answer can very well be that this is considered appropriate due to X companies having not been questioned by the SEC. I dont have great hopes that things will change but i sure wished they would as this type of problem and manipulative measures has only one outcome which to me means a huge disaster looming in the future for all.
Like which drawer did you put your socks in? I left a note in the fifth drawer to look in the fourth drawer. I looked in the fourth drawer to find a note to look in the sixteen drawer and so on.
When it dawns on you that you put your socks in the first drawer you discover the dresser was sold.
The guy who bought the dresser found a moth eaten pair of wool socks in there that were worth nothing.



To: long-gone who wrote (87487)6/27/2002 4:29:36 PM
From: Nadine Carroll  Respond to of 116753
 
I think I smell the SEC trying to prove how clean its own hands are by throwing the book at WCOM, a company where new management and a new auditor confessed the crime. The SEC just announced to all and sundry that the game will be played by different rules henceforth. I expect to see a lot of companies restating earnings.