We’ve got a close race in the craptacular caption contest. Polls close tomorrow night at midnight, so you’ve still got plenty of time to vote if you haven’t already.
And if you truly think you’ve got worse digs than this, send us your photos, we’re curious as how sadistic clients can be when it comes to accommodating their auditors.
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IASB, FASB Are Really, Really Getting Serious About Convergence
- Caleb Newquist
- October 30, 2009
Do you have doubts about the IASB and FASB’s commitment to accounting rule convergence? What? The name change idea didn’t convince you?
Well, David Tweedie and Bob Herz both addressed doubters attendees at a joint conference of the American Institute of CPAs and the International Accounting Standards Committee Foundation in New York to let them know that they are redoubling and in some cases, retripling their efforts to get this done.
The boards intend to hold more joint face-to-face meetings, in some cases by video conference, in order to make faster progress.
“We’re going to work on these issues together every month,” said Tweedie. “That’s why we think we’ll make our June 2011 target date.”
Monthly meetings. Some will be face-to-face. When they can’t do that, there will be video conferencing. Is there any doubt how serious they are taking this? This should be a piece of cake now. Oh sure, maybe they’re going to agree to disagree on the fair value thing but who said that’s important?
Wait a minute. Sir David Tweedie’s confidence seems shaky:
The approach may or may not work, and Tweedie acknowledged that some of the standards may take several years to be finalized. In many cases, they will be moving targets. But the goal of achieving a June 2011 convergence of the two sets of standards still seems doable, he insisted, and it would be a once-in-a-generation opportunity.
Good lord. Which is it people? Let’s just agree that accounting standards will be kinda-sorta converged by June 2011 and the rest of them will be converged “at a date yet to be determined”. We understand that the pressure is tough. No need to commit to anything.
IASB and FASB to Meet Monthly on Standards Overhaul [Web CPA]
Accounting Standard-Setters Will Get Much Chummier [Web CPA Debits & Credits]
Earlier: IASB: You Want a New Fair Value Rule? You Got It. Just Don’t Ask Us About Convergence
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TGIF
- Caleb Newquist
- September 25, 2009
A few more updates for this weeks layoffs. We’ll continue to update you as long as more information comes in. Good luck to everyone affected.
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Just When You Thought You Were Out…
- Caleb Newquist
- January 6, 2010
There comes a time in every unemployed person’s stint as Costanza where you consider going back to the job you just quit. Or maybe you got canned but now they’re reaching out to you through the alumni network just to let you know how great you are nd dang, we sure miss ya.
The BBC was asking around about employment prospects in the new year and lo and behold, they interviewed Keith Dugdale, director of global recruitment at KPMG. Amongst other ramblings, Mr. Dugdale put it out there that KPMG is maybe thinking about asking you some of you to come back:
One thing KPMG is looking at is the notion of rehiring former workers to make use of their experience.
“We are putting a lot of effort into alumni activities,” Mr Dugdale says.
Oh sure, maybe the BBC is reading into it too much but it does make us wonder how many of you would consider going back to an employer that you left because of [insert reason]. Not because you’re desperate (well maybe you are) but perhaps you decided the grass wasn’t greener after all or you’ve got streak of forgiveness in you that you didn’t realize or you told them they had to beg — like get on your knees and beg and tell me you can’t live without me! And I want an iPhone. No! Two iPhones! — and…they did. Maybe we’re broaching the unthinkable but somehow we think some of you might miss the old digs and would jump at the shot to go back. Kindly satisfy our curiosity.