“[E]liminate all use of off-balance sheet accounting–for any use whatsoever. Everything must be on balance sheet.”
~ Harry Markopolos, on one aspect of financial reform.
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Memo to IRS: Regulating Tax Preparers Is Not ‘Mission Critical’
“We believe that the IRS has neither demonstrated the need for extending the non-signing preparer requirements to CPA firms nor that its proposed testing program merits shifting IRS resources away from other mission-critical programs.”
~ Thirty-one members of Congress sent a letter to Tim Geithner, asking TG, Doug Shulman & Co. to, pretty please, reconsider the requirement for non-signing CPAs.
Quote of the Day | 01.21.10
“But Byrne is evil. I’ll stand by that. More than evil, he’s soul-less evil. That said, I hope you understand that I don’t have anything against Byrne per se. I have things I want, and he stands in the way, so I now I’m removing him. At the same time, there’s no reason we can’t co-exist under specific circumstances.
~ William K. Wolfrum, on Farmville junkie and Overstock.com CEO Patrick Byrne.
KPMG Is the Cockroach of the Big 4
“KPMG is obviously such a vast business that it could probably survive nuclear war.” — […]