{ "media_type": "text", "post_content": "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", "post_id": "60fe4637d60f980020b89e33", "reply_count": 12, "vote_count": 5, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

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

United at LGA can suck my fucking balls

like

On the Plane Train at ATL airport, "Next stop is for D gates, D as in demon"...uhhhh what?!

like

CLT departures board is lit up like a Christmas tree... except all the green bulbs seem to have gone out....

like
like

Any M 🐠 in their early 30s in San Diego area want to chat and maybe meet up? F/30 here

like

Anyone have thoughts on Hudson Advisors/Lone Star Funds if you’re in the dfw area? Know anything about working there? Don’t know much about them, if anything at all

like

Frequent flyers out of EWR. What’s the TSA-pre line like at Term C on a Monday morning at 06.30? Newbie here... thanks!!

like

W, St. Regis, or Las Alcobas in Mexico City? Also open to high-end boutique hotel recommendations...

like

Anyone at ATL want to let me in the lounge? Thanks 🙂

like

Best LAX shuttle service? Used Uber for every trip, but would prefer something with terminal pickup. Might as well book both ways elsewhere. Cost not the biggest factor but reliability.

like

#OceanFact Have you always wondered why the sea tastes salty??? Well here is your answer- The Blue Whale ejaculates over 40 gallons of sperm when mating. Only 10% enters the female.

like

Anyone fly Delta with ORD as their home base? I realize I may need to take connections but is this worth it? Lost EP last year, status matched to Platinum with Delta if having status matters

Hi Atlanta fishes, I’m moving to Atlanta in coming months and looking for your advice & recommendations for neighborhood and apartment search prior to in-person visit soon. Background & factors: - Male / single / age 30 (I like city life and going out yet prefer relatively calm place during weekdays than too much exposure to crowd & street noise) – heard ATL midtown isn’t too loud anyways - For monthly rent (1BD or studio), I would prefer $1800~$2000 range but can afford up to ~$2100+ (cont’d)

like

Just took my uber driver to the wrong airport! Lga instead of jfk. Can i make it through security at jfk in 30 with pre check!!!

likefunny

Anyone know average salaries for 3rd year associates at small firms in San Francisco that represent government agencies and non-profit affordable housing developers? The firm has 6 associates, 7 partners and 9 of Counsel.

Is 1 hr layover at ATL sufficient. Landing @ B gate and connecting from E

like

Does DFW airport have a separate security line for priority boarding? Running late. Have priority boarding passes. Wondering if that would help navigate security faster.

like

DCA is a cluster right now. Been on the ground almost an hour now waiting on a gate to open.

like

Have to travel for work to Pleasanton, CA. Any suggestions on towns I should live in and hotel recommendations if any? I suspect San Francisco is too far out but wondering if there is anything nearby. Don’t mind going off the beaten path and getting a cabin in the woods if needed 😀

like

#3/31 on the upgrade list for ORD-DFW, 2 upgraded. Can't win them all, I guess #firstworldproblems

like

Additional Posts

like

Has anyone interviewed for or joined Squarespace recently? Looking for insight into their final round interviews, what they look for, etc. Would also love to hear input on comp & offers made. Any thoughts are appreciated!

like

Second year lateraling to a new firm and changing practice group - do I have any ground to stand on as far as negotiating bonuses? (Signing, Covid, year end, etc.)

like

Grad job advice needed! Should I take a data analyst role at a no-name boutique or non-strategy/non-finance Advisory role (Physical Asset Management) in Big 4? My end goal is to end up in Strategy (MBB, LEK, Kearney, Big4Strat) after an MBA or by networking. Which role would set me up the best? Thank you kind sirs.

likehelpful

I interviewed for a job I really, really, really, really want today… Send me some good vibes please! 😬

likeupliftingsmart

This seems like a lonely bowl. Who wants to move to a big 4 and why?

Are companies looking to hire more minorities and people who identify as LGBTQ+? I saw a post about a job listing for a Big 4 and it said it had a strong preference for people who identify as LGBTQ+ or a minority racial group. Does this mean they have a higher chance of getting the job? Not trying to start any political debates, I’m just generally curious.

like

Going for a NIE L1 interview in 2 weeks. Those of you who have gone through this, could you please let me know what sort of questions were asked? How did you substantiate your case? Were you given an opportunity to substantiate even? Appreciate all the responses!

like

EY is hiring CA freshers in Business consulting - Risk DM me if anyone interested

like

I’m a 1st year prob 1 teacher & I just found out I’m pregnant (due mid-June). Definitely NOT planned and VERY stressed nervous. It’s hard to be happy right now. Advice on telling my principal, etc?

like

Having trouble navigating salary for a top end plaintiffs law firm salary for senior associate position (2012 grad). Mainly handling class actions and MDLs. I’ve only been in single events practice so it’s a whole new world salary wise. Any suggestions so as to what to ask for to not low ball myself? Thanks in advance!

like

Deloitte Senior Consultant Salary with 3 years of experience in Healthcare Performance Excellence. Any benchmarks are highly appreciated

like

I am applying for my wife for H-4 visa who is back home. My H-1b got approved for the first time which starts from Oct 1, 2019. What documents are required for an interview?

United at LGA can suck my fucking balls

like
like

Just venting here: I have an autoimmune disease, I am not allowed to WFH, and I work in an office where only about 50% wear masks. 🙃

like

Anyone ever been asked for company Id when using corporate discount codes for Marriott?

like

So the recruiter where I was interviewing called last Friday and said everyone really liked me; we talked salary and start dates. I was told an official offer would be over by EOD or early this week.

like
like

Just picked up Whiskey Bible's #1 rated whiskey for 2021 (and 2020 World Whisky of the year) - can't wait for the weekend to crack this baby open. Alberta Premium Rye Cask Strength.

Post Photo
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal