Posted in Humor and cartoons, tagged Tax cheats, Tax evasion, Tax humor, Tax songs, Timothy Geithner on February 22, 2010 | 2 Comments »
Getting angry with a taxman from the IRS? How could that possibly happen? Perhaps it’s because of the IRS motto:
We are the IRS.
We aren’t happy until we make you unhappy.
Frequent readers of The Summa are well aware of my fascination with Youtube videos. They are so revealing of public sentiments. Although the premier video in this blog post come up a bit later (by Anne M. McKinney), there are some excellent videos to go through first.
Posted in Accounting, IFRS, Regulation, tagged Accounting regulation, David Tweedie, IFRS, James Kroeker, Mary Schapiro, SEC, Securities and Exchange Commission on February 22, 2010 | 2 Comments »
A single set of global accounting standards, rules to be followed by any public company as it reports annual operating results, has become the Holy Grail of Accounting. In today’s world, these rules are embodied in International Financial Reporting Standards. Unfortunately for many good but unwitting people, advocating the U.S. adoption of IFRS is a fool’s errand. To more fully understand the ramifications of this statement let’s turn to the dictionary for a basic frame of reference.
