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09-10-2004, 11:57 AM
I in the Eye
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Join Date: Dec 2002
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Originally Posted by pld459666
When you're told what is Hockey related Revenue and what isn't and you conduct your numbers based off that criteria, even the most respected Auditing company is wrong since the numbers he is reviewing are are skewered.
An auditor independently determines what should be included as business-related revenue... In this case, hockey-related revenue... An auditor isn't told what is to be included as revenue (and what is to be included as expenses)... Of course, an auditor discusses things with business owners, but in the end, it's the auditor's own independent research and expert opinion that determines what revenues and costs will be used to determine the business value... A business auditor does not simply use the numbers given to him by the business owner...

In case you're wondering how I know, a good friend of mine values companies for Price Waterhouse Coopers...

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