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To: scion who wrote (234)	10/25/2006 11:31:49 AM
From: scion	Respond to of 1681

...I deal with auditors every quarter. They don't spring something on you AFTER the audit, they do it DURING the audit. Posted by: Always Skeptical In reply to: abbam who wrote msg# 131709 Date:10/24/2006 9:24:42 PM Post #of 132587 Abbam, How many audits have you done? And by the way, I don't need to call a CEO, I deal with them everyday at the public company I work for. I worked in public for PwC, and by the way, PV said big five in one of his posts. There is no big 5 anymore, only the big 4. In any case, now I'm in private accounting and work for a public company, and I deal with auditors every quarter. They don't spring something on you AFTER the audit, they do it DURING the audit. You know why? Because they won't give a clean opinion if you don't. If you want a qualified opinion, you must either argue the fact that your position is in line with GAAP, and they are wrong, or give in to the auditor's request, and present your financials with the correction they have suggested. So, if you want to talk about all the audits you've done for public companies, feel free to post your empirical audit knowledge in the public forum. I'd love to see what you have to say. And by the way, if I was a basher, I'd be posting all day long, not just in the evening. The reason I don't post during the day is that I have a job that requires me to do things and I don't have time to look at thousands of posts. investorshub.com