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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (599002)	8/3/2004 10:27:24 PM
From: steve dietrich	Read Replies (2) \| Respond to of 769670

JDN, did you see where the SEC found that Cheney's company was in compliance with GAAP, when the changed a material accounting method, to another method, and neglected to tell anyone for 18 months about the accounting change. Since you are a retired CPA, would you consider that a corporation that published their year end financial statements, and didn't disclose a material accounting method change in the footnotes, to be in compliance with GAAP? The SEC did fine the CFO 50,000, but I believe that was for not submitting documents timely. Now what kind of message is that going to send to corporations that choose not to disclose a change of accounting method which would mislead investors? Now try and put on your professional hat, and not your partisan hat.