I don't mean to sugarcoat the figure on restatements, but I think it is positive - it shows a healthy system. The general impression of the public is that accounting rules are black and white. They are often anything but that, and in many instances the changes in earnings came after new interpretations by the chief accountant of the SEC.
More Quotes from Steve Odland:
Our retail comparisons for the quarter reflect solid promotions and merchandising that were particularly effective during a more heavily consumer-based holiday season.Steve Odland
The money helps to restore trust and faith in our system. But we don't want the pendulum to swing too far and stifle innovation.
Steve Odland
You have more independent eyes scrutinizing the decision-making and financial statements of companies.
Steve Odland
We want to encourage other companies that have significant business assets in this area--as well as those that do not--to join us in a massive relief effort for our fellow citizens who will be suffering in the days and weeks ahead.
Steve Odland
There's been a sea change in our focus on corporate ethics. We've made more progress in the last three years than the previous 30.
Steve Odland
Readers Who Like This Quotation Also Like:
Based on Topics: Change Quotes, Health QuotesBased on Keywords: restatements, sugarcoat
The grand jury's job is not to weigh the evidence from both sides; it is only to decide whether there is enough evidence on one side to bring a person to trial.
Donella Meadows
To me, getting notes, honing the part, and refining the role is the real fun of the play.
Swoosie Kurtz
Studies indicate that most of young adults struggle to grasp even the most basic financial principles that will allow them to manage money and prepare for their future.
Ron Lewis