Sixty-nine percent of CPAs suggested privatizing liquor stores as the best measure to close the Keystone State's deficit. Only 27% of them like the idea of legalizing marijuana. Considering the puritanical liquor laws in the state — er, commonwealth — we should accept progress where we can get it. [PICPA]
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- Caleb Newquist
- June 11, 2011
The Securities and Exchange Commission warned investors about the risk of fraud, accounting problems and other abuses at companies that obtain stock listings through so-called reverse mergers.
The warning on Thursday comes amid a rash of accounting scandals involving China-based companies listed on U.S. exchanges through reverse mergers, or mergers with U.S. shell companies. “Many companies either fail or struggle to remain viable following a reverse merger,” the SEC said in an investor bulletin. Investors should be especially wary of reverse merger operating companies that are “nonreporting,” meaning they are not required to file reports with the SEC, the agency said. “Keep in mind that information from online blogs, social networking sites and even a company’s own website may be inaccurate and sometimes intentionally misleading,” the SEC said. [Reuters]
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Your Suffering Is Not Noble So Let That Sh*t Go
- Adrienne Gonzalez
- March 24, 2021
Before I get into this, I feel it’s important to explain where I’m coming from. […]
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Accounting News Roundup: Big 4 Unions in China (Sort of); Dow’s Tax Shelter Ow; Sequest at the IRS | 03.01.13
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