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Football / Re: Jack Warner and KPMG
« on: May 01, 2009, 11:32:41 PM »
Alyuh know what Auditing is???
Auditors provide reasonable assuarance that the financial statements are in accordance with GAAP. The key words are REASONABLE ASSURANCE.
Also, auditors have a level of misstatement that is allowed
e.g If a firm dealing with 10 million in revenue, the auditor may have his threshold at 50 000 to 75 000. If the mistatements fall between or under that figure, he not going to press management of the company about it, unless the auditor real anal.
KPMG is one of the big 4 accounting firms... yuh really feel dealing with up TTFF is going to dirty their name???
Because the TTFF have no shareholders or likely investors, is not like the TTFF going to press the auditors for the Audit report.
Auditors provide reasonable assuarance that the financial statements are in accordance with GAAP. The key words are REASONABLE ASSURANCE.
Also, auditors have a level of misstatement that is allowed
e.g If a firm dealing with 10 million in revenue, the auditor may have his threshold at 50 000 to 75 000. If the mistatements fall between or under that figure, he not going to press management of the company about it, unless the auditor real anal.
KPMG is one of the big 4 accounting firms... yuh really feel dealing with up TTFF is going to dirty their name???
Because the TTFF have no shareholders or likely investors, is not like the TTFF going to press the auditors for the Audit report.