SEC Schedule II - Visibility into the Integrity of Reported Results

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Ronald KiimaPresident Kiima Incorporated

SEC Schedule II - Visibility into the Integrity of Reported Results

September 11, 2007

Few other disclosures give as much visibility into the integrity of a company’s reported results like the SEC’s Schedule II – Valuation and Qualifying Accounts. Unfortunately, despite such schedule being required of most public companies, few companies seemingly fully comply. The absence of otherwise required data, or worse, the outright omission of the schedule in its entirety, should raise investor concerns that a company may be engaging in some degree of inappropriate earnings management.