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Friday Footnotes: CPAs Starting Businesses; Taxing Consumption; Tips for Whistleblowers | 11.20.15

Posted on by Caleb Newquist

May the footnotes always be in your favor, capital market servants. Drop us links and tips over the weekend by hitting the button at the top of the page or emailing us directly. Follow us on Twitter, Facebook, Pinterest. Submit questions, career conundrums and Janice confessions to Open Items.

How CPAs can start their own business [JofA]

Tony Nitti revisits: Decoding The Mortgage Interest Limitation [Forbes]

CPA Pleads Guilty in Accounting Fraud Scheme [AT]

Momentum Builds to Tax Consumption More, Income Less [NYT]

5 Tips for Potential Corporate Whistle-Blowers [DealBook]

Andersen Tax must be hiring. [r/accounting]

Peter Jackson: 'I didn’t know what the hell I was doing' when I made The Hobbit [The Guardian]

Men eat more pizza when trying to impress women, study suggests [LAT]

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If You Were Expecting a Nice Breezy Internship with Plante & Moran, You’re Going to Be Disappointed

This is serious P&M interns. You probably thought this little summer jaunt at P&M would be just an easy way to get some overtime hours and blow all your money on booze. Well. Actually, it might be you’ll also be expected to walk in on Monday and pull your weight.

Coffee jockeys? No. Xerox duty? Of course but it will be only the important documents. But scavenger hunts? Forget it. The only scavenger hunt you’ll be going is for material misstatements.

Annually, more than 100 students experience a three to four month paid internship. The latest round of students will begin their internships on June 14 in Michigan, Ohio and Illinois firm offices. On the agenda? An Intern Summit, which is a two-day, off-site meeting focused mainly on team-building and community service projects. At the end, interns give a formal presentation on their reflections and lessons learned from the experience.
[…]
“As an assurance intern, I was given the opportunity to go into the field and perform real audit work, not just sit behind a desk or get people their coffee,” said Staci Tobe, a former Plante & Moran intern and Michigan University student. “I also appreciated the firm’s open door policy. I never expected to be able to walk into a partner’s office and seek advice, but Plante & Moran encouraged it.”

Presentations on team building! Real audit work! Getting a partner’s advice! Oh, and no short sleeves because you’ll be expected to roll them up and bare arms aren’t acceptable.

Having ‘Funniest Accountant’ Contests Only Reinforces The Idea That Most Accountants Are Not Funny

Do you have nothing going on? Do you fancy yourself a funny accountant? Would you be comfortable getting up in front of a room full of strangers (presumably drunk) to prove it? Good news! You can now attempt to become the funniest accountant in all of Dixie.


But first you must conquer the Triangle, which shouldn’t be too hard if you stick to disparaging Triad jokes.

The 3rd annual shebang “The Triangle’s Funniest Accountant” was developed as a result of Accountants One’s Accountants Are Funny Too campaign to dispel with the stereotype of accountants being humorless, uptight dorks.

Which brings us to the point – how does having a “funniest accountant” contest dispel a stereotype? Does having a “Most Depressed HR Professional” contest dispel the notion that everyone that works in that capacity is popping anti-depressants to keep up that chipper attitude? Of course not. People like Braddock are either naturally deranged or have a drawer full of Prozac bottles handy to ensure that the sun is alway shining, this is a great company, so on and so forth.

Likewise, a slew of Seinfeld with killer 10-key skills getting on stage to tell Sarbanes-Oxley jokes only serves to remind us that this is a futile ruse that reminds everyone that the hilariously charming accountant on stage is indeed a rarity sight and that he or she has had the good luck to work with colleagues that serve as endless material.

Third Annual Search for the Triangle’s Funniest Accountant [Raleigh Downtowner]