The San Diego Zoos 2020 Audited FS (CohnReznick) excludes a disclaimer of opinion, and gives a fully unmodified opinion, however the balance sheet shows a $1 balance for all revenue producing zoological assets with a disclosure explaining there is no objective basis for establishing value, however Sea World does have their aquarial assets on their Balance Sheet. Plus the SD Zoo uses ZIMS to track all their animals, including all attributes (ages, sex etc) which the fs says is not possible. WTF

likefunny
Posting as :
works at
You are currently posting as works at

Wow you are very passionate about this....I like it!

likefunny

Any CohnReznick partners have insight into why you're allowing them to apply a non-GAAP treatment without mentioning that on your audit opinion? Like wtf are you even auditing if you're not going to test the material revenue producing assets?

Further Zoos often DO sell and exchange animals, and SeaWorld shows us value IS established for these zoological assets. Additionally, their disclosure, which states age/sex/reproduction history make it impractical to assign value is a lie - they track all of that stuff.

Lastly, they say that expenditures for animal acquisition is expensed when acquired. So a Lion purchased on 12/31 for $xxx you allow them to write down to $1? That is so far from GAAP! Who is signing this opinion, one of the great apes over on Treetop Way? Because there's no way in hell it's an audit partner.

like

And if you're going to tell me these aren't Revenue Producing Assets; nobody is going to the zoo to see empty cages. Literally their website, their tickets, their entry way - ALL marketing material contains a picture of an animal, not of an empty cage.

FASB states that financial reports should provide ALL relevant and useful information. So why do you give these guys a pass, without at least a disclaimer of opinion?

like

I think this a pretty widely accepted practice for NP zoos.

I really don’t care that much. You have obviously spent a lot of time thinking about this. I think you should write a very stern letter to them. Shame on them.

I actually thought it was standard practice to only exchange animals, so as to deter ever setting a real price for exotic animals that could be used for...unscrupulous means

While that is common, from time to time they do buy animals.

My problem isn't the zoos not valuing the animals, I agree with why they do it... My problem is the audit opinion not disclosing this departure from GAAP.

Related Posts

Can you set automatic investments in TD Ameritrade? Looking to DCA at the start of every month into index funds without having to manually buy. Thanks!

like

GSP San Fran or Leo Chicago?

like

Now that it’s officially peach season. Best peach things (fresh peaches, peach drinks, etc.) and where to find them in ATL?

like

Hi there! In LAX this Friday and Saturday anyone wants to talk about ai let me know doing drinks and maybe dinner with a friend by Santa Monica’s bodega. Cheers!

like

Where do atl consultants frequent in terms of happy hours and nights out? Does anyone use the LA fitness peachtree location in buckhead?

Are Uber/Lyft drivers reluctant to drive from DC (Logan) to BWI?

Has anyone taken the blue line to ORD recently? Is it open and safe to use? Debating taking the L or a Lyft to the airport

like

Let’s get this bowl active and going. What are ATL fishes doing for fun this weekend?

(1/2) People who work in the Bay Arae peninsula (Menlo Park) and live in the east bay- which is a good place to buy a house, upcoming, easy to rent or Airbnb in case I have to move back to my country! Prefer single family home as young as possible.
1- brentwood
2- Pleasanton
3- Dublin (expensive)
4- San Ramon (very expensive)
5- what else?

like

Hi guys.. I wanted to know what should be the ideal number of ATL and BTL activities in year for a consumer durable company? Considering x as the number of product lines/sub brands.
TIA

like
like

Hi everyone, I’m an architectural designer (from Europe) with 1.5 yrs experience. I’m working for a practice in San Francisco, full-time from the office, getting 25 an hour. It is so expensive to live here, I am struggling to make things work. Is this a normal salary for someone of my experience or should I ask for a raise? I don’t want to be greedy but it’s so expensive out here… Thank you 🌈

likehelpful

My consulting firm is hiring for Mechanical / Electrical Engineers for our Boston / San Fran offices. Good WLB and hybrid work. DM to discuss a referral 🚀

helpful

Guys, When you match/accept requests/ start talking to a girl and go MIA is it becoz you have multiple options? Would the world be not better if you just said yes or no and close the convo instead of

like

Sorry if this is the wrong bowl, I’ve been looking for the best and this seems to fit:

Anyone know agencies in DFW area that are hiring? Looking for an accounts or social role w/ 3 years exp. If not, any I should keep on my radar? 👀

This bowl has been a great resource, I appreciate your tips 🙏

like

Option 1: margin loan based on brokerage account assets, Option 2: home equity loan on a paid off property. Looking to use the cheap debt to DCA invest in the market over the next few months. Have reasonable risk appetite, thoughts on one vs another?

like

Plan on visiting SFO this August and wanted to check if any F is up for drinks or dinner spend some quality time. Male 34 , tall 5 11, brown and happy to message and set up some time if we find each other interesting.

like

I’m currently fielding an offer with EY as a FAAS Senior 2 in San Francisco, how much can I expect to make in this role? I don’t want to short sell myself with my salary requirements.

like

More Posts

How do you deal with a passive aggressive supervisor who regularly points fingers and throws people under the bus?

like

How do you deal with clients who act like they know more than you even though they don't?

like

Questions for web builders, digital security providers, and web technicians.

A Marketing associate in charge of all of our hardcoded web resources says “I have to complete the web admin/updates and security checks every Monday morning” They claim this takes two hours and is super involved. Is this true? Could someone explain to me the process?

like

I’m doing my own marketing for my small business and am having trouble creating call to actions that convert. Where can I learn more about this?

like

Does Cutiustech provides permanent work from home in case of situations like pregnancy?

Time to party, bring in the booze, because we already got the peanuts.

funnyupliftinglike

I have interest in product management. I am looking for an internship in PM.
1) What to look in a company to intern at?
2) Startup vs Big Companies?

Rakuten symphony Rakuten India Good organization to join for as PM?
I am currently in Publicis Sapient

like

Hi everyone. Please help me with 11 likes to enable DMs. Looking to switch. Thanks

likesmart

Whats something that you did as a child through teenage years that you now don't do as an adult?

Example- I used to crumple, but now I fold

likesmart

Good Morning! Question for you guys?! How do you counter offer a yearly 3% raise when you feel you should ask for more than the standard? Any ideas or verbiage?

like

Once a vaccine is found (assuming it'll be in the next 12 months) how long do you think it'll take the economy to rebound?

like

Fellow MBBers, any of you think the banking raises will trickle over to us (110k starting) or nah?

like
like

Thoughts on Mindshare Chicago?

like

I was wondering how do other trans and non binary people find their boo.. the dating apps seem unreal and in person events are not that frequent.. DM me

like

Working in Risk Management, looking into the FRM exams. Does anyone have any insight or advice?

like

Any advice on how to transition into healthcare IT without experience? I have a MS and MPH. Burned out on patient services roles. Hoping to make a transition before the year out. Actively seeking new opportunities.

like

Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



like

I cannot help but slightly look down on people who obsess over Marvel series like Avengers. Twilight series was more entertaining than those.

likefunny

Additional Posts in Accounting

I feel like I’m not learning anymore. At least not anything I can transfer to industry. All I know is tons of general info and I’m sort of wondering what I should do. Should I go to Big 4 for a year doing M&A tax, do corporate tax at Big 4…. I seriously don’t know. Looking at industry jobs has changed my perspective on my knowledge

likesmart

Can anybody here speak to what accounting was like before Excel and work papers were on paper? How did audits get done?

like

Gotta love leadership emails saying remember to take care of yourself! And teams are working 12+ hour days

likefunnysmart

What is the longest you have seen someone with less than 50% utilization stay in a firm?

like

What are you saving for?

likefunny

If you put in your 2-week notice and they cut you off that same day for going to a competitor, would you still get paid for the remaining 2 week period? (Assuming it's the start of the period)

like

Which Big4 has the best TAS practice? I know they’re pretty much all the same but I have competing offers and not sure what to choose.

like

How do you know if you applied for a position to low? What I mean is got accepted for a position as a senior associate but if all firms are desperate for staff should I have applied for experienced senior associate? I have two years of experience of public accounting and two years outside practice.

like

For those who left public accounting for industry, how did you find your higher paying position? I’ve talked to a recruiter and haven’t been impressed with the roles presented.

like

Question for EY assurance service staff - financial services- wealth and asset management. How are you liking it? What was your starting pay and any sign on bonus? Hows WLB?EY

like

Anyone successfully transition from accounting to software engineering?

like

Can someone tell me where should I put my money, Roth or traditional? Should I also contribute to hsa? How do I max out all contributions and benefits?

like

How much in base should I ask for a Senior IT Auditor in industry? I’m MCOL. I’ve been shooting for 115k base but not sure if I’m selling myself short.

funnylike

What's your ideal PTO? Activity and length of time off?

I left Big 4 after 2 internships and 1 year as a staff for reasons I’ll describe below. I was highly rated and they didn’t want me to leave. I want to go back but only if I can be a senior. Realistic?

likehelpful

How long is normal between verbal offer and formal paper offer

like

Will most of us (big 4 employees) be in at least the 200k+ salary range once we hit our late 40s and early 50s? I know that MOST of us won't stay with our firms, but does that mean we stagnate?

like

Is non profit tax and other tax exempt work such as pension trusts, private foundations, etc. considered a specialty tax line? What’s the outlook of this field and opportunities outside of PA?

like

All right people. LET'S FILE SOME TAX RETURNS.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal