In collegiate tournament basketball, a #16 seed upsetting a #1 is virtually unheard of. The only time it has ever happened was the Harvard Womens squad upsetting Stanford in 1998. It has never happened in the mens tournament. But in the Going Concern March Madness: Coolest Accounting Firm bracket, superior athletes, coaching and luck do not matter. Like most things in accounting, it comes down to numbers.
Late yesterday, PwC's lead over Reznick Group completely vanished. I speculated to my parter-in-crime that based on the sheer volume coming out of the Virginia/Maryland region that it had to be some sort of a concerted effort on the part of Reznick Group. Turns out I was right; more right than I could possibly know.
This email went out to all Reznick Group offices. Yes. All.
And here's the victory lap/dancing on PwC's grave:
We knew America would land with Reznick Group accountants being the coolest bean counters around. With the underground movement of getting clients, family and friends to help vote along with a huge push from our India employees motivating a billion voters, hard to stop the Reznick Group momentum.
Bring on the next contender!
So for the firms left - this is what you're up against. I'm not suggesting that you should undertake similar efforts but that's because I have to remain neutral in this regard.
It should be noted that based on the numbers accumulated by Vizu, it appears very few Reznick people bothered voting on any of the other match-ups. This isn't exactly the kind of participation we had in mind but since most of RG is probably new to the site, we'll let it slide. The question now is whether this amounts to a "Reznick win" or a "PwC loss." Please discuss. We'll updated you with the match-ups for the second round later today and the voting rolling tomorrow.