Financial Statement Faux Pas of the Day Dept

Jennifer Lowry points us to the following unusually honest entry in the financial statements of publicly traded NZ Farming:


Fairness requires me to link to the company's response. I particularly like the way they refrained from saying, "And then we found the !!#$!@@#$@ !@#$!@ !@#$!@ who left that note on our financials and fired his 1#$!@#$ing #$!#$!#$ of a !#$!#$!ing !#$!@#@," which sentence finds its way into their statement carefully rephrased as, "We have also reviewed our internal processes to establish how the issue arose." Indeed. I bet you did. [chuckling gleefully]