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Footnotes: A Robot Will Be Bitter Like You; Albany the Place to Be; Who Wants to Buy a Consulting Firm? | 08.06.14

Posted on by Adrienne Gonzalez

Are our jobs doomed? Report shows the potentially devastating effects of robots on the job market One day, robots will make all your bitchy GC comments [Salon]

Abolish the IRS! And then what? [Forbes]

Accountant sentenced to 57 months in prison for mortgage fraud scheme A California accountant was sentenced Tuesday to 57 months in federal prison and ordered to pay approximately $1.1 million in restitution for her role in a mortgage fraud scheme in southern Nevada. [News 3]

Looking for an accounting job? Have you considered Albany? [Albany Business Review]

Son Of Powerful Congressman Charged With Bank & Tax Fraud In total, there are 23 federal charges. If convicted on all charges, Fattah Jr. could face up to 411 years in prison and be fined up to $13 million. [Forbes]

Tell us more about Deloitte's new consulting hub in Orlando, would ya? [Orlando Business Journal]

BDO acquires MorganFranklin's UK team Accounting firms are having fun buying consulting firms these days [economia]

Guy suing Grant Thornton is a really helpful dude [Telegraph]

There's a legal battle brewing over monkey selfies [Lost at E Minor]

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The good news is…

…we’ve heard back from sources at all the firms and so far everything is quiet out there regarding the September edition of accounting firm layoffs, however, we’re still checking around.
The bad news of course, is that we’ve got fifteen days left in this month. There are some preliminary rumors out of KPMG in Chicago from last Friday but nothing has been confirmed.
If you have additional information on the Chicago rumors or if you’ve got any information on anything related to what sounds to be the inevitable for several firms, send them to [email protected].

The Year Ahead Poll Results

The voting ended last night and we know your anticipation is reaching fever pitch so we’ve finally presented the results, after the jump.


1. White Collar Slavery: 47.3%
2. Happiness Rating: Zero: 26%
3. Swap Green Visors:13.7%
4. Big Four Union: 13%
Troubling news as you can see. Nearly 75% of you are expecting to be underpaid and miserable. We recommend that you start some sort of cash only business and get your asses into therapy.
The bottom 27% of you seem to be proactive at least but 13% of you may be viewed by some as socialists. However, that seems to be the hot thing these days so we say go for it.

BDO Seidman Waited to Change Their Name Because They Had a Really Special Birthday Coming Up

weisbaum_jpeg.jpgWhen we saw the BDO rebranding story this week we were perplexed because we told you about this new effort to popularize the Global 6 in OCTOBER.
Come to find out that 2010 will mark the 100th birthday of BDO Seidman so there was no rush to change the name back on October 1 with the less-special firms because A) all the firm’s clients were already calling them ‘BDO’ and the change wasn’t really ness, and B) they couldn’t cancel all the festivities they had planned:

“The adoption of the single ‘BDO’ brand name reinforces our commitment to the BDO international network, even as we celebrate our firm’s centennial here in the United States,” said BDO (U.S.) CEO Jack Weisbaum in a statement. He acknowledged that many of the firm’s clients have been referring to the firm as BDO for years anyway.
BDO plans to conduct a year-long celebration of the firm’s founding by Maximillian L. Seidman in 1910, including historical podcasts on the firm’s intranet, a centennial video tracking the firm’s progress over the past century, and celebrations at the BDO Biennial and BDO Partner Meetings in November.

Gosh that does sound fun. We totally get it now.
Plus, the American firm still has to figure out how to pay $521 million to Banco Espirito. Going out at an even 100 years would put a nice cap on things.
BDO Seidman Rebrands as ‘BDO’ [Web CPA]