“What they’re doing is buying some work to keep the staff busy.”
~ Gary Boomer, on the Big 4 low bidding smaller clients.
Related Posts
The IFRS Foot Dragging Talk Is Just Your Opinion
- Caleb Newquist
- May 20, 2010
“This…is wrong. To be clear, while I strongly believe in our commitment to high-quality accounting standards, I believe just as strongly that this commitment is only the beginning of the discussion, not the end.”
~ SEC Chair Mary Schaprio, on the Commission’s approach to IFRS.
Accountants Still Don’t Have the Warm Fuzzies About the Economy
- Caleb Newquist
- August 13, 2010
“Uncertainty about the sustainability of the recovery continues to limit planned investment and hiring.”
~ Professor Mark Lang on the results of the AICPA/University of North Carolina’s Kenan-Flagler Business School survey of CPAs in leadership positions.
Enron Whistleblower: WikiLeaks > SEC
- Caleb Newquist
- January 29, 2011
“I don’t think the SEC’s culture is one that will make this effective one iota,” said Sherron Watkins, a one-time vice president at Enron, referring to expanded protections for whistleblowers included in the Dodd-Frank financial reform law. If she was in the same situation today as 10 years ago, when Watkins approached government authorities about accounting fraud at Enron, she would probably instead take her information to an organization like WikiLeaks, Watkins said. [Paper Trail]