Today, in cheeky comment letters to accounting rulemakers.
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Web CPA Breaks Down the Latest AICPA Survey So You Don’t Have To
- Caleb Newquist
- April 22, 2010
Writing and covering accounting isn’t the easiest thing in the world. Trying to communicate complex accounting and taxes issues without sound like the latest edition of Kimmel, Weygandt, and Kieso is no small feat.
So when the AICPA released results of a survey that showed that half of Americans are able to save money while the other half are unable to save, the gang at Web CPA decided that this particular bit of data needed to be further broken down for those accountants whose brains are complete mush post-busy season.
Accordingly, they presented this story with the following headline:
“Half of Americans Save, Half Don’t”
Now you may be asking yourself, can this be possible? Is there some way that this equation be disproven? That is, can Americans somehow save and not save at the same time and thus the 50/50 split is rendered ludicrous? We’ve searched the entire Internet and unfortunately this is the only thing we’ve found, and since we’re not engineering experts it’s not so helpful.
One can safely assume that most of Web CPA’s visitors are accountants and, as mentioned above, now that busy season is over, asking them to crunch any more numbers would be a disservice to the readership.
Half of Americans Save, Half Don’t [Web CPA]
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(UPDATE) Let’s Take a Closer Look at This SEC Accountant’s Porn Activity
- Caleb Newquist
- April 23, 2010
Since we’ve been out of the number crunching biz on a day to day basis, our reaction to the 16,000 attempts by an SEC accountant to access porn was simply, “Holy shit, that’s a lot.”
Thankfully, we still have plenty of friends that still burn up the 10-key calcs and we got a drop from one of them a little while ago:
I did [a] calc on that accountant that viewed porn sites up to 16,000 in one month. He was averaging 725x per day (including weekends). That is impressive. I don’t think I can hit 725 times in a year (and I don’t even have a girlfriend), let alone one month.
The best part of this whole ordeal is that it’s now becoming a political football and hyperbole that even makes us scoff.
UPDATE: Our stupid friend is obviously rusty on the calc (they’re no longer in public accounting) and we’ve been re-informed by said friend that 725x is based on 22 workdays (i.e. not including weekends).
Even more importantly, how many accountants out there double-checked this pre-update calc and then failed to get all self-righteous about it?
Furthermore, and perhaps most importantly, the bar has been raised in the wasting time department. Granted this accountant was wasting everyone’s tax dollars while those of you in public accounting are wasting your clients’ dollars but these porn surfing numbers are no doubt a challenge worth accepting. Go forth.
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AICPA and CIMA Putting This New Thing to Members for a Vote
- Caleb Newquist
- March 25, 2016
Back in November we learned that the joint venture between the AICPA and CIMA that […]