Accountants Run Wild

In an environment where it’s all about the “trade”, it is not surprising to us that the accountants are starting to leave footprints here as well as everywhere else. With the sub-prime mess omnipresent, everyone is on tenterhooks and everything is suspicious. The first signs of the profession’s interest appears in Golden Ocean Group’s “Preliminary Fourth Quarter and Financial Year 2007 Results” where the company, to be conservative, disclosed that it was in discussions with its auditors regarding the accounting for its newbuilding contracts.

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