“In my mind you are largely responsible for the market collapse in 2007, 2008, 2009.”
~ John Sherman, in a public comment on the FASB’s proposed fair value rule, most of which are really, really, really not nice.
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Goldman Sachs Isn’t Perfect, Ya Know
- Caleb Newquist
- July 2, 2010
“During the course of the financial crisis, we made our fair share of mistakes. We lost a considerable amount of money through our exposure to leveraged loans and mortgages.”
~ Goldman Sachs CFO David Viniar, in his opening statement before the Financial Crisis Inquiry Commission.
Quote of the Day: Dear Abby Should Not Be Giving Advice About Taxes | 04.14.10
- Caleb Newquist
- April 15, 2010
Dear Ms. Van Buren:
Your response to “Phobic” about her boyfriend’s tax returns contained a significant error. You characterized enrolled agents as “the only tax specialists licensed to practice before the IRS,” which is not true. The fact is, certified public accountants and attorneys are federally authorized to represent clients before the IRS.
The CPA has long been synonymous with reliable, objective tax preparation and ranks as the preferred tax professional among millions of U.S. taxpayers.
On behalf of the many CPAs who prepare tax returns every year, we would be appreciative if you would print a correction in your column.
~ Tom Ochsenschlager, Vice President – Taxation American Institute of Certified Public Accountants, in response to this.
This Is How Email Scandals Start
- Caleb Newquist
- November 12, 2010
“At work, but not much to do.”
~ The status message of an accountant in China who was fired a few days later, thus preventing her from ranking any of her attractive co-workers.