| A.
R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
• We are happy to report that
once again our firm, at our own
request and cost, has gone through
a peer review audit and received a
"clean opinion". The report of the peer
reviewer -- the accounting and
auditing firm of Caldwell, Becker,
Dervin, Petrick & Co. -- concludes:
"In our opinion, the system of quality
control for the accounting and
auditing practice of A. R. Kakhsaz
Company in effect for the year ended
August 31, 2009, has been suitably
designed and complied with to
provide the firm with reasonable
assurance of performing and
reporting in conformity with
applicable professional standards in
all material respects. Firms can
receive a rating of pass, pass with
deficiencies or fail. A. R. Kakhsaz
Company has received a peer
review rating of pass."
This has been our sixth consecutive
peer review with a pass rating since
the beginning of the peer review
program by the American Institute of
Certified Public Accountants some
20 years ago.
• U.S. business leaders are
becoming more confident that the
U.S. will see sustained growth
through 2010 but are increasingly
concerned about the budget
deficit. "The health of the
companies, both large and small,
seems to be getting stronger all
the time and they have plenty of
liquidity to grow and invest."
• In disagreements, fight fairly.
No name calling.
• Apple topped Microsoft
in market value on Wednesday,
May 26, 2010. With Apple's market
capitalization of $221.36 billion, or
some $2 billion ahead of Microsoft.
Apple's shares have nearly
doubled to $244.11 over the past
year as the company, which nearly
went bankrupt a decade ago, has
ridden a wave of hits like the
iPhone.
•
For more of the Generalist,
please visit ARKCPA•COM.
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• theGeneralist, a
one-page monthly
publication of the accounting firm of
A.R. Kakhsaz Company, is in its 16th
year of providing information, presented
fairly and accurately, from sources we
can depend upon and trust.
•
Man never made any material
as resilient as the human spirit.
• Banks have been around
longer than money. People
deposited grains, cattle and
precious metals. And with the
banks, sadly, came bank robbers.
Some of these bandits became
notorious of their brashness.
Australia had Ned Kelly and
postcard bandit. Georgia had Jaba
Ioseliani. Canada had Roger
Caron and Machine Gun Molly.
And the U.S. had Bonnie and
Clyde, Butch Cassidy and the
Sundance Kid, and Willie Sutton.
In March 1831, the first recorded
bank heist took place in New York
City. Edward Smith got away with
about $245,000. He was caught
and imprisoned, and some of the
loot was recovered. The world's
largest bank robbery occurred in
Iraq in March 2003. Nearly $1
billion was stolen from the
Central Bank of Iraq.
• The Surety Bond Guarantee
(SBG) program of the SBA
helps small-business contractors
who can't obtain surety bonds
through regular commercial
channels.
• Pablo Picasso is, once again,
the world's most expensive artist.
A 1932 portrait of the Spanish
painter's blonde mistress, "Nude,
Green Leaves and Bust," sold for
$106.5 million to an anonymous
buyer at Christie's in New York on
Tuesday May 4, 2010. That’s the
most ever paid for a work of art at
auction.
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkcpa.com
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