The jump is too big for most people to follow. Parish basic complaint about the accounting for stock options is not unique. The Wall Street Journal and Forbes magazine, among others, have chewed on the same point, and committees of accountants have recommended changes to public disclosures that companies file. So far, the authorities have been content with listing one measure of the cost of options in a footnote to financial reports. The Securities and Exchange Commission also planned to eliminate pooling earlier this year, but then postponed the change indefinitely.
Parish does go further than almost anyone else in calling the practices fraudulent.
People say you shouldn't use the term 'financial fraud,' but that's what it is. CPA gets share of criticism Parish's free-speaking ways have sometimes undermined his credibility. Later, when Ralph Nader used some of Parish's research as the basis for a news conference in front of Cisco Systems' headquarters, Parish says he was labeled a leftist. His stance has lost him some customers, he says, but gained him others. Parish also goes further than other critics in saying Microsoft's practices, by forcing other companies to match them to compete, have put the entire tech sector on shaky ground.