Saturday, March 7, 2009

Put this in the Theoretically Good, but Practically Flawed category

I like this idea in terms of enhancing the value of accountants by including an economic perspective. However, add this to the list of inefficient and ineffective government oversight that will eventually be exposed as just another too late to the table body.

I cannot believe that this is still newsworthy! Is there anyone alive that doesn't understand that GM is on government life support. The auditor's going concern is just a formality when you're business model is dependent on monthly cash infusions from the government.

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