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The acquisition of Macromedia by Adobe is now complete , and the combined company can now get down to the serious business of integrating its operations . In some situations management may decide they have a reasonable basis for relying on monitoring activities ; and in those same situations , auditors may decide , through their own judgment , to test the underlying process-level control activities . They also refer to studies that indicate smaller public companies may have greater incidence of fraud and restatements4 which some have taken as evidence that investors in smaller public companies may benefit the most from compliance with 404 . Again , I think I speak for everybody in the office when I say Andy will be missed , and that his work has contributed significantly to the progress made in the past couple of years . It was bad enough when the boys lifted the girls and turned them slowly around so everybody in the audience could see right up their skirts ( what there was of them ) ; worse still was the sight of the boys themselves , wearing nothing below the waist except their tights , which seemed designed to leave as little as possible to the imagination . As the FASB continues to consider issues related to the role of fair value in accounting , questions regarding the relevancy and reliability of fair value measurements will undoubtedly be a focal point of that debate .