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Re: yip post# 40893

Saturday, 07/23/2016 10:53:15 PM

Saturday, July 23, 2016 10:53:15 PM

Post# of 58838
Yeah Yip, fairly comfortable with this exercise being just that. Who knows. This stretches it a bit, but you expect this :)

Seems like the kind of language you may expect an auditor would generate to justify his fees?? Why TF not¿¿ I got a lot of faith in current DoD audits, AND it's getting close to the end of August DLA shindig.

Crazy talk I tell you. Here's a Wikipedia excerpt on proforma entries.

There was a boom in the reporting of pro forma results in the USA starting in the late 1990s, with many dot-com companies using the technique to recast their losses as profits, or at least to show smaller losses than the US GAAP accounting showed. The U.S. Securities and Exchange Commission requires publicly traded companies in the United States to report US GAAP-based financial results, and has cautioned companies that using pro forma results to obscure US GAAP results would be considered fraud if used to mislead investors.

Dunno. Tying to things a brewing with the DoD is a stretch.

Saying it's a cleanup job ain't. And it gives something to talk about.

Man I'm board.
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