Bloggers love the final post of any year, because it is time for “The Best Blog Posts of the Year.” Although it might seem as if bloggers are back patting themselves, there is a higher purpose for these posts: milking just a few more reads without having to write new content. I’ve reviewed the posts from the third year of The Summa, and have selected my favorites. The posts at the start of the year are dominated by accounting standard setting issues, convergence and IFRS.
- Economic Consequences and the Political Nature of Accounting Standard Setting January 6, 2010. It is fitting that the first significant post of the year is one of the defining posts of The Summa. It had made it onto the reading list in a number of classes.
- The Economic and Regulatory Shadow January 10, 2010. This post is as relevant today as it was a year ago. That is, group think rules in Washington. It is especially frustrating that the shadow has adopted the sophistry that is IFRS adoption and global accounting standard convergence.
- They Still Don’t Get It January 22, 2010. And perhaps, the largest international audit firms never will. Their purpose in life is not to partner with corporations, but they still think so. This is why many of us are now arguing that the audit model is broken and the audit industry should be nationalized.
- Where Are the Investors? January 29, 2010. In this post, I get to touch on the work of Miller and Bahnson. And, this is the great Achilles heel of accounting standard setting and the audit model–no one is looking out for investors.
- The “Professional Judgment” Problem February 11, 2010.
- Wanted: A Good Reason February 12, 2010. It is frustrating that accounting standards will be converged to IFRS, without a single defensible reason for doing so.
- The SEC and Some Sort of Ostrich Syndrome February 19, 2010
- The Holy Grail of Accounting Is a Fool’s Errand February 22, 2010
- Questioning The Audit Model April 21, 2010. This post initiated my thinking for the latter part of the year, although I haven’t written much about it. The audit market is broken and I believe it should be nationalized.
- Repo 105 Explained With Numbers and Detail April 24, 2010. This must have been a really good post. Fraud Girl copied it without attribution.
- Is Prof Albrecht An Accounting Nerd? April 25, 2010. One of my personal favorites. I love writing humor pieces.
- Deloitte’s Inspection Report: Good or Bad News? May 10, 2010. I wrote this post to correct erroneous statements than many reporters and bloggers were making about the purpose of PCAOB’s inspection reports.
- Sen. Sherrod Brown Prods SEC/FASB to Fix Accounting Standards May 11, 2010. Many bloggers were poking fun at Senator Brown for proposing accounting-related amendments to the Dodd Act. Actually, Brown did a good job.
- When A Boomer Accountant Has a Birthday June 3, 2010. I loved writing this post, because it’s humorous.
- SEC Self-Funding Is A Mistake! June 22, 2010. SEC chair Schapiro was arguing for self-funding. I wrote this piece, and self-funding was removed from the Dodd Act. Coincidence?
- The Latest Cheating Scandal November 15, 2010. In the future, I will have more to say about cheating.
- How College Students Should Use Linkedin December 5, 2010. A really solid piece of advice. Every accounting and finance major should sign up for LinkeIn and use it!
Debit and credit