As it's noted in the release Andersen was aware of the problem and agreed to go along with it. That is problematic not only in this one but time after time after time at the SEC we saw that occurring, unfortunately in this case the number are just humongous. - Lynn Turner Quotes
As it's noted in the release Andersen was aware of the problem and agreed to go along with it. That is problematic not only in this one but time after time after time at the SEC we saw that occurring, unfortunately in this case the number are just humongous. Lynn Turner
 

More - Lynn Turner Quotes

These guys had repeated instances of errors in their financials, delayed filings and people who could not get their job done, who had to be reassigned. It is surprising given all the shareholder money that was spent by the company and taxpayer money spent by the SEC on this investigation, nothing has resulted from it. - Lynn Turner Quotes

These guys had repeated instances of errors in their financials, delayed filings and people who could not get their job done, who had to be reassigned. It is surprising given all the shareholder money that was spent by the company and taxpayer money spent by the SEC on this investigation, nothing has resulted from it.

Lynn Turner

 
For a company such as Merck to reflect as revenues in its financial statements billions of dollars of co-payments a customer makes directly to another company, the pharmacy, which the pharmacy collects and never remits to Merck, just does not reflect the economics of what is occurring, ... If that is what the SEC accepts, then investors are in trouble and our financial reporting indeed needs improving. - Lynn Turner Quotes

For a company such as Merck to reflect as revenues in its financial statements billions of dollars of co-payments a customer makes directly to another company, the pharmacy, which the pharmacy collects and never remits to Merck, just does not reflect the economics of what is occurring, ... If that is what the SEC accepts, then investors are in trouble and our financial reporting indeed needs improving.

Lynn Turner

 Company
That's indicative of a company with an imperial CEO and very poor controls. - Lynn Turner Quotes

That's indicative of a company with an imperial CEO and very poor controls.

Lynn Turner

 Company
It's fantastic, ... He's a very nice guy for a politician. - Lynn Turner Quotes

It's fantastic, ... He's a very nice guy for a politician.

Lynn Turner

 
Yes, I would, but only because it is him. - Lynn Turner Quotes

Yes, I would, but only because it is him.

Lynn Turner

 
That stuff isn't free. It has a cost. - Lynn Turner Quotes

That stuff isn't free. It has a cost.

Lynn Turner

 Cost
First and foremost it is the company, it's these executives that put these numbers together, it's not the auditors. So the people who are actually in the kitchen, cooking the books, stirring the stew, so to speak, are these executives, and there is no excuse for what happened. - Lynn Turner Quotes

First and foremost it is the company, it's these executives that put these numbers together, it's not the auditors. So the people who are actually in the kitchen, cooking the books, stirring the stew, so to speak, are these executives, and there is no excuse for what happened.

Lynn Turner

 Company
This year is almost unmatched in history. - Lynn Turner Quotes

This year is almost unmatched in history.

Lynn Turner

 History
If the council determines not to approve the funding, we assume that will be consistent with a decision not to complete the investigation. - Lynn Turner Quotes

If the council determines not to approve the funding, we assume that will be consistent with a decision not to complete the investigation.

Lynn Turner

 
The good news is, as a result of that process, investors should have greater confidence overall in the numbers going forward. - Lynn Turner Quotes

The good news is, as a result of that process, investors should have greater confidence overall in the numbers going forward.

Lynn Turner

 Confidence
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