September 25, 2021

The Accountant Doth Protest Too Much

If you assumed that comments submitted for accounting, auditing or tax proposed regulations were too boring to read, man, you are missing out.

I dug through more than a dozen comments on the PCAOB's proposal to disclose audit partner names and, for the most part, the comments were harmless and relatively interesting. However, I find that when I undertake one of these little excursions there's always a hidden treasure; this time, the Institute of Management Accountants' comment letter was the gem I wanted. It ended like so:

Now, I've only been in and around accounting for 12-ish years, but am I strange to think that this proposal isn't an insult to the profession? I think I could make a pretty reasonable case that auditor independence is a bigger insult to the accounting profession than partner disclosure.

But also, does the IMA really have a dog in this fight? We're talking about auditors, after all. Plus, the "cannot fathom" seems plenty strong on its face along with "professional insult." I mean, what is a professional insult? I just thought it was a thing comedians did when discussing each other's moms.

But don't take my word for it. Go read it alongside the rest of the comments I picked out (including one from John Roberts!) and have a great short week. 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

job

Making Remote Work: June’s Hottest Remote Accounting Jobs

Looking for a truly remote accounting job—one that doesn’t transform into an in-office grind after a few months?  Accountingfly is the answer to your “never commute again/never wear suit pants again” prayer–their core business is placing candidates in 100% permanently remote accounting jobs.  Whether you’re looking for a permanent position or a freelance/temp gig, check […]

Job of the Week

Job of the Week: Remote International Tax Manager at WilkinGuttenplan

Featuring a tremendous career opportunity in a rapidly growing practice group of a well-established firm for CPA with 6-8 years of international tax experience. Offering a flexible culture, attractive compensation, and significant career upside with regular one-on-one partner interaction and partner-track potential (if desired). WilkinGuttenplan is committed to work/life balance, a culture of multi-generational collaboration, […]