Accountant's Letter

  

The numbers you are about to digest in this 10K, 10Q, Annual Report, Special 8k Filing...have all been reviewed by myself and my bean-counting team of Superheroes. The numbers are clean and good and honest and represent GAAP to the best of our knowledge. So have at 'em. Amen. That's the preamble to a serious financial report, written by the chief bean counter, auditor or other oversight person. Reminiscent of a Ludlum novel opening.

Related or Semi-related Video

Finance: What is Hiding Written Complain...2 Views

00:00

Finance a la shmoop what is hiding written complaints? all right remember

00:07

when you were a kid and your teacher sent home a note to your parents and not [Teacher gives boy a note]

00:12

a good one you knew you were in big-time trouble so you know why not just hide

00:17

the note what your parents don't see can't hurt you right? while hiding

00:21

written complaints on Wall Street is kind of like that if an investment rep

00:25

receives a written complaint from a client they are legally obligated to

00:30

pass it along to their employer and their boss who has to add it to the reps

00:36

[Submarine appears] U4 which is not a military submarine but a form that the rep has to

00:40

use when registering with the stay you know for their license hiding written

00:45

complaints is illegal and can get the rep in deep you know what and like in

00:50

the real world it gets a lot worse than being grounded and you know having your [Person picks up Xbox console]

00:54

xbox taken away for a week yeah good luck with that

Up Next

Finance: What is Adverse Audit Opinion?
27 Views

What is Adverse Audit Opinion? An adverse audit opinion signals that an auditor has found flaws in a company’s financial statements. Adverse audi...

Find other enlightening terms in Shmoop Finance Genius Bar(f)