Over on the the AECM listserv, several of us are fans of Ed Ketz (Penn State prof) and his Accounting Cycle column at SmartPros. For example, when Bob Jensen passes along the link to Ketz’s latest editorial, he always labels it “Ketz Me If You Can.” Tom Selling (Accounting Onion), sometimes calls his editorials, “The [...]
Archive for January, 2011
Ketz Getz It Right
Posted in Accounting, Regulation, Scandal/ethics, tagged Accounting Cycle, Civil Fraud, Continental Vending, Ed Ketz, Ernst & Young, Fraud, Lehman Brothers, Valukas Report on January 31, 2011 | 1 Comment »
Audit Credibility
Posted in Accounting, Regulation, Theory on January 31, 2011 | 3 Comments »
Bob Jensen poses a question on AECM (listserv for accounting professors), “Credibility? Do credible CPA audit firms add benefits to clients that exceed the audit costs?” It’s an interesting question, I suppose, to narcissists (Big 4 auditors, government regulators and accounting professors) who believe that the world revolves around the audit function. It isn’t a question [...]
Accountant’s Gig on American Idol
Posted in Accountant, Popular culture, tagged American Idol, Caleb Newquist, Going Concern, Steve Beguhn on January 28, 2011 | Leave a Comment »
Steve Beguhn, a Senior Associate in the Milwaukee office of PwC, had a successful audition and has earned a gig on American Idol. No, it isn’t to count and certify the votes. Beguhn does not sing professionally. Nor does he perform as an amateur for small audiences. When asked why he doesn’t perform, he [...]
Floyd Norris on Joe Lieberman’s Views on Accounting
Posted in Theory, tagged Floyd Norris, Joe Lieberman, Stock Option Accounting on January 21, 2011 | 3 Comments »
Senator Joe Lieberman has announced his plans not to seek re-election. This means that January 3, 2013 will be his last day to serve as the 112th Congress is replaced by the 113th. Gail Collins, Op-Ed columnist for the New York Times is thrilled, announcing tongue-in-cheek plans for a new book, “Everything Bad Is Joe Lieberman’s [...]
Al Rosen Says Canadian GAAP Ruined by IFRS
Posted in Book/movie Review, IFRS on January 21, 2011 | Leave a Comment »
Al Rosen, noted Canadian forensic accountant and IFRS opponent, has written Swindlers: Cons & Cheats and How to Protect Your Investment From Them. I have not read the book, but I have viewed a promotional video in which Rosen hits on some of the unanswerable criticism of IFRS. He lost the battle in Canada, but he [...]







