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lentinman

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lentinman

Re: jtomm post# 1171

Monday, 03/07/2005 2:50:16 AM

Monday, March 07, 2005 2:50:16 AM

Post# of 33753
jtomm:

Well, you learn something new everyday - in this case, the auditing requirement. How about that? And, here I thought I knew everything there was to know. I'd be embarrassed, but the one single requirement in order to be embarrassed is that you have to care what anyone else thinks.

What prompted this was GFCI. I take it then, the earnings that they reported were year end - so that they would have had to have them audited as the 10K. Right? Thus, the argument goes that they may or may not have had the chance to have them audited, but they wanted to get the numbers out once they "knew" them.

If so, that is a lot less objectionable than I initially realized. Thanks for the education!

Len

Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.



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