Accounting & Investing Info for San Antonio A & M
Tuesday Dec 4 2012
More difficulties for American CPA firms auditing Chinese companies. have surfaced. There seems to be a pattern of Chinese companies raising money, using American CPA firms as auditors, and then reporting losses. The SEC is pursuing them.
I frankly would not care to try to simultaneously please regulators in both China and Washington DC, there has to be an easier way to make money in the CPA business.
From my understanding gifts should be given and received with knowing the identity of the giver. For the past several years I have tried to convince my family that we should no longer exchange gifts. We should instead get the money we would spend and donate items to a family that is less fortunate that we are. Here it is 2012 and no such luck. Names have been exchanged and wish lists have been distributed to the family. With much disappointment the majority of gifts listed on the wish list is Visa gift card, Best Buy, Sears or Academy in other words all gift cards. The family exchange of gifts does not identify the person giving because they are walking into a department store purchasing a gift card. I tell them there is no thought or personal feeling going into the purchase. If that is the case we should just keep our money because that is all that is being exchanged. I’m the only family member out of about 30 that likes the excitement of not knowing what my gift is. My gift is not an exchange of cash or credit for a gift card. My gift is chosen with thought and from the heart.
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My apologies the post above is for “Emerson on Gifts”
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Professor Elam 
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