If crises can hit us at any moment for no reason, and not because, say, governments impose self-reinforcing down-spiral accounting rules on the banks, then it is easier to believe that we should spend our time figuring out ways to mitigate the inevitable consequences rather than trying to prevent what cannot be prevented.
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It's possible that by restating earnings down far enough for the past few years, Bristol could avoid accounting for inventory work-down in 2003.
Texas is America's hands-down leader in executions, accounting for one-third of the total since 1976.
Accounting scandals took down numerous Chinese companies and even the savviest of their U.S. investors in recent years.
The auditing firm says that it obeyed the principles laid down by America's Financial Accounting Standards Board.
And, clearly angered at missing just 10 short of a century, Parnell then bowled with hostility down the Nackington Road slope, accounting for Rees in his third over to a sharp slip catch by Hockley.
Its stock started melting down in April, after news broke about accounting irregularities at CUC.
If revenue is going down but net income always hits targets, accounting tricks may be in play.
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Accounting rules urge firms to write down such assets as soon as they realize they will not collect.
New accounting rules mean that repricing them down will count against profits.
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He also makes the point that the scale of write-down suggests substantial sums awry in the Autonomy accounting procedures and should be easy to characterize.
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She says investor qualms about litigation and accounting methodology have pushed the stock down too far, particularly given growing demand for the fixing of crooked teeth.
In 1999 the U.S. Treasury shut down a corporate tax shelter, promoted by accounting firm PricewaterhouseCoopers, known as the Bond and Option Sales Strategy, or BOSS. But BOSS didn't die.
" He believes demand in both government and private industry has remained steady because accounting "flows from big business down to the mom-and-pop store on the street that needs to finance its loan.
Apparently stung from having been pressured by Congress (how dare they?) and probably embarrassed over their defeat within the professional accounting community, FASB decided to double down a few months ago.
The bank as a whole would be turning a handsome profit were it not weighed down by an ailing investment bank and by nonsensical accounting rules that force banks to take losses on their own debt when their credit ratings improve.
Widening borrowing costs, accounting rules that forced the bank to write down its assets, and rating agency downgrades that all conspired to hobble Lehman.
An allocation plan established in 2009 calls for reducing combined domestic and international equities, now accounting for 50 percent of the portfolio, down to 43 percent, she said.
Securing a conviction in a complex corporate accounting case is challenging as trials often get bogged down in complex financial arcana and can confuse a jury.
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The Plaza Group claims in bankruptcy filings that it was undone by recent accounting rules that force private equity partnerships to write down the value of their investments in accordance with market valuations, as opposed to holding them at cost.
Fearful of prosecutors and trial lawyers, the accounting profession is already aggressively pressuring companies to massively write down the value of securities with subprime mortgages or other consumer receivables, such as auto loans and credit cards.
The various accounting bodies are trying to placate the politicians while avoiding watering down standards too much.
If the accounting profession wants to truly modernize, it needs to break down the walls of individual departments and get social.
Not counting a mark to market accounting change, the company earned 65 cents per share, down from 71 cents a year ago.
Branches closed down entirely for two or three days for end-of-month accounting.
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He should at least step down until the performance of KPMG in the audit of HBOS, and accounting standard setting, has been properly and independently investigated.
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Shares in Beazer Homes took a particular beating this week, down nearly 10% after the sacking of the company's chief accounting officer amid news of a federal inquiry into possible securities law violations.
The short sellers moved in and with their success in uncovering a number of transparency and accounting issues at these reverse mergers, were able to drive down the prices of quite good companies with no problems, reasoned Williams.
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Shares in Beazer Homes (nyse: BZH - news - people ) took a particular beating this week, down nearly 10% after the sacking of the company's chief accounting officer amid news of a federal inquiry into possible securities law violations.
He sees Macs accounting for 15.8% of revenue in the quarter, down from 22.2% in September and 20.3% a year ago.
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