[Stu from NYC]

Originally Posted by CoachKandSportsguy

at my current company, there are millions in accounting adjustments in revenue after the reported revenue to the street, by the auditors. A friend of mine was a very high level controller at GE, and he would tell me how they would correct accounting errors if they weren't in the company's best interest, but if the error showed more favorable, nothing would be corrected. . . and yes, the revenue at GE was cooked as two different friends of mine inside the company related to me.

finance guy, who checks on the accounting guys to be sure they are correct.

Would have thought the auditors would pick up on this at some point.