Something right and something wrong

Reading "PCAOB fines Deloitte $1 million", I think that this is a right decision. At least someone has to be punished for not performing the duty. Not only we need such organization everywhere, these reports should be widely published. In fact, governments must support this type of accusations.

Reading "Accounting Errors Cause Plunge in VeriFone Share", I feel that there is something wrong in our time. When the result was manipulated to meet or even better than expectation, the shares surged, lots of people gained and happy. When the manipulation was discovered and the result adjusted, the shares plunged, lots of people lost and unhappy. So it seems that the discovery was the bad one because of loss. By accounting, the gain is balanced by the loss and the value might remain unchanged. The only problem is someone gained and someone loss. In fact, that is the way of stock market. If one is the unlucky one, he/she will blame the timing of discovery, not until he/she sold the stocks. That means if there was no error, it is not attractive any more. Of course, the endless estimation of profit to push up the market is the tool today. This would force some CEOs to risk their career because there is no way out if performance was below the market's estimation. It is interest to know how many CEOs get away without discovered. May be we can never know. The GAAP, FRS etc. should be a good thing, otherwise bad practice will never go away.