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Financial Statements Quotes

A board of directors that cannot produce reliable audited financial statements for almost seven years simply should not remain in office Picture Quote #1

The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That’s one reason why you get so many credit card offers Picture Quote #1

After watching Taro reach the brink of bankruptcy, seeing their shares delisted from trading, hearing endless false promises about receiving audited financial statements, and witnessing an unchecked drain of company resources, the shareholders have clearly had enough Picture Quote #1

I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we’ve seen so much of that in the last 20 years Picture Quote #1

Since mistakes of omission don’t appear in the financial statements, most people don’t pay attention to them. We rub our noses in mistakes of omission - as we just did Picture Quote #1

I call it the Rule of Three. If you read a company’s financial statements three times, and you still can’t figure out how they make their money, that’s usually for a reason Picture Quote #1

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The financial disclosure statements, they don’t give you the tax rate. They don’t give you all the details that tax returns would Picture Quote #1

Mandatory auditor rotation is designed to address a potential conflict of interest between a public company and its auditor. Because an auditor is hired and paid by the public company it audits, the auditor’s desire to maintain a good relationship with its client could conflict with its duty to rigorously question the client’s financial statements Picture Quote #1

You have more independent eyes scrutinizing the decision-making and financial statements of companies Picture Quote #1

Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements Picture Quote #1

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A board of directors that cannot produce reliable audited financial statements for almost seven years simply should not remain in office. (Financial Statements Quotes) The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That’s one reason why you get so many credit card offers. (Financial Statements Quotes) After watching Taro reach the brink of bankruptcy, seeing their shares delisted from trading, hearing endless false promises about receiving audited financial statements, and witnessing an unchecked drain of company resources, the shareholders have clearly had enough. (Financial Statements Quotes) I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we’ve seen so much of that in the last 20 years. (Financial Statements Quotes) Since mistakes of omission don’t appear in the financial statements, most people don’t pay attention to them. We rub our noses in mistakes of omission - as we just did. (Financial Statements Quotes) I call it the Rule of Three. If you read a company’s financial statements three times, and you still can’t figure out how they make their money, that’s usually for a reason. (Financial Statements Quotes) The financial disclosure statements, they don’t give you the tax rate. They don’t give you all the details that tax returns would. (Financial Statements Quotes) Mandatory auditor rotation is designed to address a potential conflict of interest between a public company and its auditor. Because an auditor is hired and paid by the public company it audits, the auditor’s desire to maintain a good relationship with its client could conflict with its duty to rigorously question the client’s financial statements (Financial Statements Quotes) You have more independent eyes scrutinizing the decision-making and financial statements of companies (Financial Statements Quotes) Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements (Financial Statements Quotes)