Prof Willett on stadium accounting practices

### ODT Online Sat, 11 Apr 2009
Method not misleading, prof says

By John Lewis

The head of the University of Otago accountancy and business law department has described as a “misconception” allegations by stadium opponents of misleading accountancy practices by the Carisbrook Stadium Trust.

Read more online here;

Read Prof Willett’s full response: ODT Link

• ODT says Prof Roger Willett is a past president of the Accounting and Finance Association of Australia and New Zealand. He has published articles and books on statistical aspects of accounting measurement, international accounting, management accounting and auditing. He is working on projects relating to the theory of accounting measurement, economic models and asset return, risk and valuation measurement in organisations and markets. He has held positions at Queensland University of Technology, Australian National University and the Universities of Wales and Aberdeen, and is a member of the Institute of Chartered Accountants in England and Wales.

6 Comments

Filed under CST, Economics, Hot air, Inspiration, Media, Politics, Stadiums, STS

6 responses to “Prof Willett on stadium accounting practices

  1. Elizabeth

    ### ODT Online Sat, 11/04/2009 – 10:15am.
    Comment by MikeStk on capital vs revenue

  2. MikeStk

    “But what it isn’t is the raising of money from the private sector that CST promised us it would do”

    Wrong, it is from the private sector, unless the StS comes up with some conspiracy theory that the council bought seats.

    Private people buying private seating (as per the practice everywhere in the world), thus raising capital as confirmed by the Prof, is private funding.

  3. Elizabeth

    ### ODT Online Sun, 12/04/2009 – 6:52pm.
    Comment by MikeStk on public vs private

  4. Elizabeth

    In reply to MikStk…

    ### ODT Online Mon, 13/04/2009 – 4:11pm.
    Comment by jamesg on Selling pies twice

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