Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Saturday, June 29, 2002
Making A Bad Situation Worse
One very consistent thing in this world is the utter incompetence whenever our rulers in DC deem it necessary for them to intrude into the marketplace and fix a problem. You can be sure that they will succeed in making the problem worse.
With the recent revelations of creative accounting at some large corporations, politicians are literally chomping at the bit to take over the auditing profession. I couldn't agree more with this prediction of even less reliable numbers if our rulers succeed in getting their fangs into our profession. As I've said ad infinitum, the accounting tricks our rulers in DC have been pulling for decades are so much more nefarious than anything I have seen so far with the private corporations.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 6/29/2002 08:53:00 PM Send this post:
