ford91exploder
Resident Curmudgeon
Give it time.
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A Spirited Perfect Ten
- Thread starter WDW1974
- Start date
Give it time.
Fast rail connection to London. The UK market is big.
CaptainAmerica
Premium Member
Cruise ships ain't cheap either.
ford91exploder
Resident Curmudgeon
With the exception of Frozen and past Marvel movies - they really don't have a great track record. Thor as a woman I think the jury is still out on that one... ABC as a network is bumping along the bottom of the ratings game.
ford91exploder
Resident Curmudgeon
Fair point
ford91exploder
Resident Curmudgeon
Agree to a point, If you are a local CPA firm with a regional company- yes indeed it happens all the time, I think Arthur Andersen and PwC are examples of where the lure of billions of dollars in billing overrode accounting integrity and it will happen again only on a larger scale.
There were dozens of individual auditors at AA who said this is BRAVO-SIERRA and they were removed by AA management from the account and in many cases from the company, I trust my CPA far more than I trust my lawyer. But CPA's have bills to pay too and in most cases they like most of us will 'go along to get along' so they can pay their bills and put their kids through school.
The only fix is to randomly assign audit firms to public companies to remove the incentive to ignore questionable items. Everyone gets their share of the business and the public is better protected because there is no incentive to suppress questionable items.
We all like to think we would be the courageous one, Been there done that and have the scars to prove it.
That's creative stuff you're disagreeing with. We were taking about spending.
ford91exploder
Resident Curmudgeon
Lot's of spending went on with Mars Needs Moms, John Carter, The Lone Ranger - not much of a ROI though
Since I was an Arthur Andersen partner, I know too much about that situation to comment directly.
However, I can promise you that even large audit firms say "no" to clients all the time. As I said, I'm aware of it happening twice this morning.
As for "go along to get along", it depends on the role the CPA is filling. A CPA acting as an independent auditor, of course, should not do that. And in my experience (which, I assure you, is vast), it does not happen most of the time, much of the time, or even a significant minority of the time. Sadly, it does happen now and then. And when it does, it can be disastrous.
Correct. That was bad spending, but you had said the company doesn't spend. Disney spent on those things!Lot's of spending went on with Mars Needs Moms, John Carter, The Lone Ranger - not much of a ROI though
CaptainAmerica
Premium Member
A Michigan Man who was a partner at at Big 5 firm... You might be my least favorite person ever.
You dislike partners at big accounting firms? That's a fairly broad group to dislike!
As for the other, does that make you a Buckeye?
CaptainAmerica
Premium Member
I dislike big accounting firms, period. I couldn't run fast enough in the opposite direction when it came to "pick your career" time in school.
Nah... I'd be a "chicken" if you believed Brady Hoke.
ford91exploder
Resident Curmudgeon
You win - UNCLE!!!!
As I now work at a 4-person firm and love it, I certainly understand not wanting to work for a big firm. But still, partners in big accounting firms are generally nice people.
I was once attacked by an old woman for cheering when Michigan scored a touchdown in a game in South Bend. She shook her purse at me and called me a hoodlum.
Michigan won.
ford91exploder
Resident Curmudgeon
Ouch - I am sorry to hear that a LOT of good people got caught in the downdraft from AA which ruined a lot of careers from your posts I'm sure you are one of the good guys. Are large public accounting firms systemically corrupt - no absolutely not but there is too little accountability built into the US corporate governance system so there is little downside to large scale fraud.
In my opinion there are advantages that would accrue to the investor if the audit process for public companies were more of an adversarial process.
BrerJon
Well-Known Member
That's amazing that they're predicting more people will visit Shanghai Disneyland in its first year than Magic Kingdom. I wonder how many discounts, deals and freebies they'll have to run to materialise those numbers?
CaptainAmerica
Premium Member
There are 25 million people in Shanghai compared to 2 million in Greater Orlando.
BrerJon
Well-Known Member
But how many of them can afford an expensive Disney visit? The prediction is for 25 million visitors in the first year... even with China's growing middle class, that seems an overly optimistic figure given the average quality of what's on offer and how unknown Disney is there.
Travel Junkie
Well-Known Member
As has been discussed though in this thread, how many care about the Disney brand? With the exception of Tokyo, international parks for Disney have typically gotten off to slow starts. If it is a quality product then people will visit, but it may take time. HKDL is finally starting to make money after they added several quality attractions in rapid succession. If SDL is under built and unimpressive to the Chinese audience, it will struggle. I don’t see SDL surpassing the attendance of places that have had generations of Disney brand awareness pounded into them anytime soon.