04-16-2023, 12:15 PM
The one thing that has been really bothering me about this whole case is "Why haven't we heard from either the firm or the accountant that prepared the financials?"
As you can imagine, that question hits home, with me . . . especially if I was the one preparing his statements.
My profession has strict rules . . . and consequences . . . for not abiding by or obeying them.
Simply put: By what reasoning or authority was this payment classified as a "legal expense" . . . and subsequently recorded as such . . . by a CPA?
As an accountant, I'd better have a damned good and verifiable explanation.
As you can imagine, that question hits home, with me . . . especially if I was the one preparing his statements.
My profession has strict rules . . . and consequences . . . for not abiding by or obeying them.
Simply put: By what reasoning or authority was this payment classified as a "legal expense" . . . and subsequently recorded as such . . . by a CPA?
As an accountant, I'd better have a damned good and verifiable explanation.