Derek@PLSAannual

Derek is a 72-year-old Scottish chartered accountant. He was a professional trustee for 35 years, but is now retired.

[Derek@PLSAannual @DerekPLSA2018]

@RichardJMurphy Tom Steyer, a Democrat billionaire, seems to be losing in the Californian gubernatorial primaries, despite spending an alleged $200m. The Economist says Californians remain wary of wealthy candidates trying to buy their way into office.

[Derek@PLSAannual @DerekPLSA2018]

@DanNeidle 2/ The strongest critique is not that he is wrong to diagnose extreme inequality, but that his proposed remedies rest on stylised assumptions that understate institutional resistance, capital flight, & the difficulty of implementing redistribution at a global scale.

[Derek@PLSAannual @DerekPLSA2018]

@DanNeidle 1/ Piketty’s support for the Global Justice Report is coherent with his long-running egalitarian project, but also vulnerable to criticism because his earlier work on capital distribution has been challenged on data, interpretation, and political feasibility grounds.

[Derek@PLSAannual @DerekPLSA2018]

@timecaptales Ringo loses a stick towards the end?

[Derek@PLSAannual @DerekPLSA2018]

@msm_monitor The "unprecedented" wording merely complied with an update to auditing standards.

Int. Standard on Auditing (UK) 700 (Jan 2020), for periods commencing after 14 Dec 2019, required report to explain whether the audit was considered capable of detecting irregularities incl. fraud.

[Derek@PLSAannual @DerekPLSA2018]

@msm_monitor Is that auditors' wording "unprecedented"? It looks fairly boilerplate to me ...

[Derek@PLSAannual @DerekPLSA2018]

@PaulH1946 @RichardJMurphy No, Enron abused MTM accounting by aggressively recording estimated future profits from long-term contracts as immediate income the day the deal was signed. If projections were flawed or demand shifted, the cash never materialised. Enron hid the losses in off-balance-sheet SPEs.

[Derek@PLSAannual @DerekPLSA2018]

@RichardJMurphy If asset were a pension asset accountants would mark it down to £10,000 in your example, Richard.

Value-in-use should be considered, but mark-to-market logic is doesn't matter if £10k buys a bond (with predictable outcomes, subject default risk) or an equity or other real asset.

[Derek@PLSAannual @DerekPLSA2018]

@offtheballbbc Wembley 1997, Auto Windscreens Shield Final.

Colchester led 3-1 in the shoot out, but lost 4-3 to Carlisle United.

[Derek@PLSAannual @DerekPLSA2018]

@DanNeidle 2021 audit fee was £57,235, compared with £26,290 the year before. Same auditors throughout twelve year period of the agreed embezzlement. The auditors resigned in October 2022, & new auditors qualified 2022 (& 2023 & 2024) for missing receipts & membership income pre-July 23.

[Derek@PLSAannual @DerekPLSA2018]

@mrtabrett @DanNeidle Classification as "office/computer equipment"
is consistent with how the net of VAT addition was treated in the 2020 accounts.

It's as if the 2021 balance sheet was changed to separate the motor vehicle(s) as an afterthought, and no one changed the footnote?

[Derek@PLSAannual @DerekPLSA2018]

@STMARYSHOUSING @joannaccherry I think you'll find the cost of the motor vehicle is included in 2020 as part of "office/computer equipment".

The total cost of 2020 closing tangible fixed assets & 2021 opening tangible fixed assets is the same. 2021's £80k is net of depreciation, 20% reducing balance pa.

[Derek@PLSAannual @DerekPLSA2018]

@jackcoder0 Your piece overstates what the paper shows. The model only supports a specific claim about a demand externality in competitive automation, not a universal proof that AI will “destroy the economy.”

[Derek@PLSAannual @DerekPLSA2018]

@andymuirhd Note the VAR team on the night, & Collum today, raise their RIGHT hands to illustrate the unnatural position.

It was Nicholson's LEFT hand which was raised, as Trusty (facing throw in) backed into him.

Nicholson then fell backwards despite momentum of his header being forwards.

[Derek@PLSAannual @DerekPLSA2018]

@Alisdair14 Note the VAR team on the night, & Collum today, raise their RIGHT hands to illustrate the unnatural position.

It was Nicholson's LEFT hand which was raised, as Trusty (facing throw in) backed into him.

Nicholson then fell backwards despite momentum of his header being forwards.

[Derek@PLSAannual @DerekPLSA2018]

@RoebindeFreitas @ItsAndyRyan 's-Hertogenbosch, is only colloquially known as Den Bosch.

[Derek@PLSAannual @DerekPLSA2018]

@ChildOfAlba @msm_monitor Police Scotland confirmed that inquiries into both Ms Sturgeon and Mr Beattie had now "concluded".

The force said the pair had "not been charged and are no longer under investigation".

source: BBC Scotland

[Derek@PLSAannual @DerekPLSA2018]

@ewing_weepostie @msm_monitor BBC Scotland reporting of Police Scotland was as follows:

Police Scotland confirmed that inquiries into both Ms Sturgeon and Mr Beattie had now "concluded".

The force said the pair had "not been charged and are no longer under investigation".

[Derek@PLSAannual @DerekPLSA2018]

@Free_Plasticine @CliveWismayer Audited accounts are available online from the Electoral
Commission. Audit qualifications only appear from 31 December 2022 - new auditors. The previous auditors, who resigned in October 2022, which is also end date of the embezzlement period agreed in court, did not qualify.

[Derek@PLSAannual @DerekPLSA2018]

@itsajourney13 Worked OK for my Fife postcode.