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Hot Aspiring Accountant Loves to Listen, Manscapes, Needs Your Votes

Whenever we can, we like to sex things up around here. Sometimes it can be difficult but fortunately, this is not one of those days.


This young chap is Carl Koenemann he’s representing Missouri in Cosmo’s Bachelor Blowout and he just happens to be studying the debit and credit trade.

A few swoon-worthy details on Carl: 1) He plays guitar and writes songs; 2) He craves being told that he’s a good listener; 3) He’s perplexed by a woman who thinks he should be able to read her mind; 4) Affirmative on the manscaping question.

Now some ignorant hack at the Riverfront Times thinks that young Carl is “throw[ing] all [his hottness] away to become a buttoned-down bean counter” but that is just one blogger’s shitty opinion.

We think (and we’re sure you agree) that there’s plenty of room for hot men and women in the accounting field. Not that we’re suggesting that Carl completely dismiss his chance at eating disorders or a career in reality TV but we’re sure he’ll have campus recruiters from all Big 4 firms drooling over him, so his career will be just fine.

Missouri Bachelor 2010 [Cosmopolitan]
Carl Koenemann: Manscaping, Accountant Wannabe Needs Your Vote for Sexy Man Contest [Riverfront Times]

Paul Ryan: Payroll Tax Cuts Are Economic Red Bull

The Hill reports that Congressman Paul Ryan isn’t interested in getting the economy all hopped up like an adolescent trying to cram for a mid-term,“I’m not a Keynesian, so I don’t think sugar-high economics works.”

And that this discussion is old hat, “We’ve sort of proven this already, a number of times. Temporary tax rebates don’t work to create economic growth. Permanent tax changes do.” [The Hill]

Accounting News Roundup: Is the IASB Giving Up on the FASB?; Wake Forest Grads Crush the CPA Exam; NFL Looking at Rams Buyer’s BDO Tax Shelter Connection | 02.16.10

• IASB softens stance on convergence [FT]
We’re not jumping to any conclusions but yesterday the IASB made the statement that it “would no longer pursue convergence with its US peer as ‘an objective in itself'”. Now we’re not entirely sure what “an objective in itself” means but it kinda, sorta sounds like “to hell with you FASB, we’ve got our own plans.”

This revelation was part of “constitution review” in order for the IASB “to justify its public accountability” to its critics. In this review the IASB seemed to be changing its tone on just what convergence is:

In a review of its constitution published on Monday the IASB’s oversight board addressed this concern over the convergence project and said it would “emphasise that convergence is a strategy aimed at promoting and facilitating the adoption of IFRS, but it is not an objective by itself”.

So just spreading the good word about IFRS without any stated objective? Does that sound about right? It sounds a little like financial reporting evangelism.


• Wake graduates get highest passing rates on CPA exam [Winston Salem-Journal]
This is in no way presented to make you feel bad about yourself. Here are the 2008 (the most recent data available) passing rates at WF: 93% on FAR; 87.5% on Audit; 83.22% on regulation; 93.7% on BEC. The overall passing rate was 89.7%. The University has had the highest scores five years running.

If you need to go cry in the bathroom, you may do so now.

• Rams buyer’s $85 million battle with IRS [Chicago Tribune]
Shahid Khan announced last week that he was buying 60% of the St. Louis Rams. Great news right? Ordinarily, yes but now the NFL is looking into his association with a BDO tax partner that was convicted of helping clients avoid taxes through shelters.

The IRS said in court papers that the Khans hired the Chicago-based BDO Seidman accounting firm and met with tax partner Robert Greisman. The Khans engaged in at least five questionable tax shelters, with names like Son-of-Boss and Dad, and paid BDO $8.5 million in fees, about 10 percent of the alleged tax savings, according to court documents.

Yet when the revenue agency questioned Khan about his returns, he was unable to identify what services BDO provided, an IRS agent said in court documents. In April 2007, the IRS made formal requests for information to Greisman and one of his partners in Michigan in connection with its investigation of the Khans.

Greisman pleaded guilty last July to conspiracy charges related to the creation of the shelters and BDO is currently being sued by Khan for negligence and malpractice. The NFL may have saved them themselves the trouble by letting Rush Limbaugh own part of the team…