And how did SOX give Jon Corzine the ammunition to steal customer's monies? With proper accounting of all accounts the courts have determined how much MF Global must return to their customers. And it's up to the SEC to act, the accounting profession can only account and audit. As I said, SOX put teeth into what can be done, if investors continue to trust a certified audit of a companies financials, that was done within a conflict of interest, that's their mistake. Accounting rules are accounting rules. So you think the requirements for record keeping is because Marxists are running the government, and it has nothing to do with paper trails to recover stolen funds?
and you failed to respond as to your knowledge of GAAP, GAAS, and FASB statements. SOX is nothing new, it is nothing more than a legal restatement of accounting requirements that are ages old.
I can only fill out a tax return, I don't sit at someone's mailbox and make sure they file it. That is up to the IRS. But I sure as hell keep records of returns I've prepared, to protect myself from someone changing any figures on a return I've made out.
'Subversive Marxist'..... Hey, Mr. CEO, you don't need to adhere to accounting principles, just do whatever you want. We're going to do away with rules and laws. What a fvcking joke you are.