tag:blogger.com,1999:blog-2611021408437270881.post562691032231876779..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: 31 More Years-5?Independent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2611021408437270881.post-75519513332862627002009-03-26T13:36:00.000-07:002009-03-26T13:36:00.000-07:00well duh, Big Brother, of course i was being facet...well duh, Big Brother, of course i was being facetious.<BR/><BR/>even a non-CPA, armed with the ability to research, read and reason, can formulate a good argument for almost anything. and a REALLY smart person [such as myself] knows when her ability stops and when to consult big guns, such as you.<BR/><BR/>we have seen the downfalls of monopoly.<BR/><BR/>the ecomonies of scale aren't.<BR/><BR/>if you can't dazzle them with brilliance, baffle them with BS.Robynhttps://www.blogger.com/profile/04836345873601125705noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-34844272387261404102009-03-25T06:21:00.000-07:002009-03-25T06:21:00.000-07:00WU:While small firms can't audit very large SEC re...WU:<BR/>While small firms can't audit very large SEC registrants, there is no reason not to bust up the Big 87654. I estimate only 1,000 to 2,000 of the 17,000 SEC registrants are too large to be audited by say, a firm the size of BDO Seidman or Grant Thornton.<BR/><BR/>As to "insight and erudition", I assume you're being facetious. Those qualities reside in the mind. One CPA armed with appropriate reference materials can do any research a Big 87654 firm's thousands can do.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-74839466940341060822009-03-24T22:12:00.000-07:002009-03-24T22:12:00.000-07:00oh that's funny! the Big 87654. but why stop stop ...oh that's funny! the Big 87654. but why stop stop there? let's go for the gusto: Big 3-2-1-0!<BR/>since the prestigious firms have conducted themselves so honorably, so much to the utmost of their abilities [and here i comment on those who set policy, not the beleagured, hardworking, long suffering grunts] always following the spirit AND the rules of GAAP, maybe it's time to decentralize and put size limits on firms.<BR/><BR/>okay, fine, i know that's ridiculous, impractical, small firms just can't handle certain tasks, don't have the manpower, insight, erudition, would reduce the overall quality of the profession [pauses. or would it?] certainly limit the scope of experience of young'uns, but maybe... <BR/><BR/>as for scams, 'there is nothing new under the sun'<BR/><BR/>Sed quis custodiet ipsos custodes?Robynhttps://www.blogger.com/profile/04836345873601125705noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-11811516221536642752009-03-24T18:20:00.000-07:002009-03-24T18:20:00.000-07:00Anonymous:Among the few to throw brickbats at the ...Anonymous:<BR/>Among the few to throw brickbats at the CPAs is Bloomberg's Jonathan Weil. I refer to him in my 4 February 2009 post. I assure you, there is no major accounting scam that is not known to the Big 87654.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-76095670519895773292009-03-24T18:11:00.000-07:002009-03-24T18:11:00.000-07:00It seems odd that so little attention is paid to t...It seems odd that so little attention is paid to the failure of the auditors in this crisis...<BR/><BR/>Same with the TBTF banks... the story line that an odd confluence of events just happened! Wow and those smart people were caught off guard... <BR/><BR/>Too many smart people who did nothing as our system became corrupt...<BR/><BR/>Bust em all up...Anonymousnoreply@blogger.com