Posts Tagged ‘Standards

Saturday February 25, 2012 15:29

Accounting Police: Do They Exist?

Who created accounting principles? Who sets and revises accounting standards? What if you don’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the [...]

The finding that the time has come to replace our water heater, I called my wife on our plumber to fix an appointment. She put the call in about 11 hours, “Are you between one and three are available?” Lori asked, “What day?” The officer responded: “Today, of course.” Hearing a strange noise in our oven, place another [...]