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Restatements Rise for Companies Bypassing SOX's 404 Provision
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MILLIONS ON THE LINE |
The college football bowl season provides some of the highest
rated weeks in television viewing and along with victory,
millions of dollars are at stake.
The various bowls, played this year in the U.S. and one in
Canada, will offer life-long memories to fans, teams and the many
other participants, such as band members and cheerleaders, but
they also provided more than $187 million to National Collegiate
Athletic Association (NCAA) schools in 2005, with an estimated
$2.1 billion over the next 10 years, according to the Alamo Bowl
website.
Even less popular bowl games, such as the Meineke Car Care Bowl,
where Navy will face Boston College on December 30, will yield
teams a million-dollar windfall and priceless publicity. To put
that into perspective, in 2002 Navy's football program lost more
than $3 million, according to the Baltimore Sun. Winning seasons
and the bowl game appearance could push Navy's profits past last
year's $6.2 million and increase revenues over the $16.6 million
reported in 2005.
For a closer look at the financial aspects of bowl games, see
"College Football Bowl Games: Millions on the Line", Click Here.
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TALKING WITH SANTA'S ACCOUNTANT |
At North Pole, Alaska, where Christmas is "celebrated 365 days a
year," getting gifts to children around the globe is a year-round
operation.
So to track business affairs, even Santa Claus relies on an
accountant. He is Paul Merrifield, a native of northern Indiana
who migrated to Alaska in the early 1970s. Merrifield has served
as city accountant of North Pole, a tiny town of 1,500 people
near Fairbanks, for four years.
The job mainly attracted him for two reasons: The Christmas
bonuses are great and Saint Nicholas is such a jolly fellow to
work with. Even as Christmas approaches, when it gets as busy as
tax time for many accountants, Santa always remains merry.
This article was previously published. To read the entire
conversation, see: "A Conversation With...Santa's Accountant", Click Here.
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December 21, 2006







Something to think about:
Think not those faithful who praise all thy words and actions; but those who kindly reprove thy faults.
-- Socrates

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