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To: Tenchusatsu who wrote (167216)6/28/2002 5:21:15 PM
From: Jim McMannis  Respond to of 186894
 
RE:"What kind of accountants are out there allowing this nonsense, anyway?"

Greedy ones. The companies put pressure on them to cook the books or they get a different accountant. Or the accountant comes around touting what he can do for the company to make it look good.

Need...
1. Accountantcy standarization. If you've ever done a deal you know what "general accounting practices" or accepted accounting practices" means...well it's a lose term to say the least.
2. Throw some people in Jail...these people are more guilty than Milken or Boesky ever were.

Jim