X-Message-Number: 13225
From: "Daniel Crevier" <>
References: <>
Subject: Financial statements
Date: Tue, 8 Feb 2000 18:23:06 -0500

I've had a look at the financial statements of both Alcor and CI in the past
and from what I could see, they were not audited by external accountants.

Quoting from Alcor's 1996 report, the accounting firm's role was " ...
limited to
presenting in the form of financial statements information that is the
representation of management. [The accountants] have not audited or reviewed
the ... financial statements, and, accordingly, do not express an opinion or
other form of assurance on them."

In other words, the only assurance that we have on the financial health of
organizations is their management's word. While I have every confidence in
honesty of Alcor or CI's directors, I for one would feel better if these
organizations were willing to submit to a regular audit.

Any comments?

Daniel Crevier

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