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<p>[QUOTE="medoraman, post: 1353706, member: 26302"]I am sorry sir, but I am the CFO of a multi hundred million dollar corporation, and some of my friends are also. One man that I consider a friend is CFO of a multi billion dollar corporation. I personally resent your charge that "almost every company" is lying on their financial statements. That may be your perception, but its not reality. Accounting standards have never in the history of the US been so tight, and I personally have much greater trust in the statements today than in the past. THe major problem is valuation of intangibles and new types of assets, so this is why I stay away from them.</p><p><br /></p><p>Now, you can go ahead and listen about how "cooked the books" are in corporate America from all of the chicken littles, or actually listen to someone who does this for a living. Your choice. I know Fatima won't because he will claim its my "personal anecdotes". Somehow my personal experience is less valuable than his internet research, because you know of course the internet never has any fallacies on it.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1353706, member: 26302"]I am sorry sir, but I am the CFO of a multi hundred million dollar corporation, and some of my friends are also. One man that I consider a friend is CFO of a multi billion dollar corporation. I personally resent your charge that "almost every company" is lying on their financial statements. That may be your perception, but its not reality. Accounting standards have never in the history of the US been so tight, and I personally have much greater trust in the statements today than in the past. THe major problem is valuation of intangibles and new types of assets, so this is why I stay away from them. Now, you can go ahead and listen about how "cooked the books" are in corporate America from all of the chicken littles, or actually listen to someone who does this for a living. Your choice. I know Fatima won't because he will claim its my "personal anecdotes". Somehow my personal experience is less valuable than his internet research, because you know of course the internet never has any fallacies on it. Chris[/QUOTE]
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