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6.270 Audited Accounts of Public Companies
Andronicos "The Great" as Director of the Human Race and Manager Planet Earth commands and Andronicos "The Cynic" responds as follows.........
Effective immediately, I want a global standard used for the presentation of audited accounts of public companies. I specifically want to know the true value of assets and liabilities and not one based on some hypothetical exchange rate of some fuddy duddy currency, hidden offshore bank account, or some shell company that's about to be put in an exotic sea food stew. I commend AIMR, a global organisation that attempts to set high standards for investment professionals worldwide. I direct the following groups heed AIMR's advice and listen to their recommendations, as it will make my job easier when I bid to takeover certain public companies: Boards of directors, corporate management, auditors, credit rating agencies, accounting standards boards, securities regulators and law makers. (Memo note to myself: I must contact all 150,000 AIMR investment professionals in 150+ countries telling them what stock to dump.)
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The 12-12-12 website is an educational website that facilitates individual or group discussion. The coded 12-12-12 book is a snapshot, written over an 87 day period, of the major problems in the World as at March 17th 2002 and possibly how to resolve them. The author Andronicos has written it in an ironic style to act as a catalyst for constructive discussion.
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