The medals and efforts of the whole Philippine contingent have given a ray of hope and inspiration for the Filipino people in these dark times. It is quite fitting that our country’s first gold should come from weightlifting. We can draw parallels from this story of triumph to the important work done by our microfinance institutions.
The young Arthur Andersen and his partners believed strongly in key statements like: “Think straight/talk straight.” And: “Rigid standards of honesty and integrity.” And: “Accounting principles can and should only be accepted if they present most fairly and most honestly the financial facts.” For the experts among you: a clear-cut example of principle-based accounting, including a true and fair override principle!