Best of TaxLetter: The Auditor's Report

	We have audited the balance sheet
	and say in our report
	that cash is overstated,
	the cashier being short.
	The customer receivables
	are very much past due,
	and if there are some good ones
	they are very, very few.

	Inventories are outdated
	and principally junk,
	and the method of their pricing
	is very largely bunk.
	So, according to our figures
	the undertaking's wrecked,
	but, subject to these comments,
	the balance sheet's correct.
(No. 37)


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Created: March 21, 1996; Last updated: January 26, 2004
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