Not Another Task Force

GOVT.jpgEditor’s Note: Want more JDA? You can see all of her posts for GC here, her blog here and stalk her on Twitter.
Our dear President has created a “Task Force” to handle those tricky problems like baby Madoffs so we can sleep at night knowing we are safe from the financial crooks robbing us blind.
Or can we?


WaPo:

Top Obama administration officials on Tuesday announced a new federal task force to combat financial fraud after deciding that the number and complexity of investigations linked to the economic crisis require a more coordinated response from government agencies.
Created by executive order, the Financial Fraud Enforcement Task Force targets fraud related to mortgage lending and modification, securities law, stimulus spending and the government’s bailout of the financial sector.

Meanwhile, in absolutely related news, ABC News discovered this week that Recovery.gov shows stimulus funds saving or creating jobs in Congressional districts that don’t even exist. There are tons of them so no one tell me that it’s a rounding error.
Oh wait, they admitted they screwed up and are now fixing it.
Back to this “task force.” Maybe I’m confused but don’t we already have something like that and it failed to get the first Madoff?
The Department of Justice-led task force will include officials from the SEC, Treasury, and Department of Housing and Urban Development. Sounds like a winning crew.
Attorney General Eric Holder insists that one of the task force’s main targets will be “Recovery Act and rescue fraud,” insisting “we will ensure that the taxpayers’ investment in America’s economic recovery is not siphoned away by a dishonest few.”
A dishonest few?
Like the 95 completely made up people on the Recovery.gov website who worked on that sewer project in Wisconsin?
Or the Georgia Head Start administrator who was advised to claim “317” jobs where his organization had really only gotten raises for its 317 employees?
The AP has been watching the stimulus numbers closely, and they continue to check out wrong. It doesn’t take an accountant, nor a task force, to figure that out.

GOVT.jpgEditor’s Note: Want more JDA? You can see all of her posts for GC here, her blog here and stalk her on Twitter.
Our dear President has created a “Task Force” to handle those tricky problems like baby Madoffs so we can sleep at night knowing we are safe from the financial crooks robbing us blind.
Or can we?


WaPo:

Top Obama administration officials on Tuesday announced a new federal task force to combat financial fraud after deciding that the number and complexity of investigations linked to the economic crisis require a more coordinated response from government agencies.
Created by executive order, the Financial Fraud Enforcement Task Force targets fraud related to mortgage lending and modification, securities law, stimulus spending and the government’s bailout of the financial sector.

Meanwhile, in absolutely related news, ABC News discovered this week that Recovery.gov shows stimulus funds saving or creating jobs in Congressional districts that don’t even exist. There are tons of them so no one tell me that it’s a rounding error.
Oh wait, they admitted they screwed up and are now fixing it.
Back to this “task force.” Maybe I’m confused but don’t we already have something like that and it failed to get the first Madoff?
The Department of Justice-led task force will include officials from the SEC, Treasury, and Department of Housing and Urban Development. Sounds like a winning crew.
Attorney General Eric Holder insists that one of the task force’s main targets will be “Recovery Act and rescue fraud,” insisting “we will ensure that the taxpayers’ investment in America’s economic recovery is not siphoned away by a dishonest few.”
A dishonest few?
Like the 95 completely made up people on the Recovery.gov website who worked on that sewer project in Wisconsin?
Or the Georgia Head Start administrator who was advised to claim “317” jobs where his organization had really only gotten raises for its 317 employees?
The AP has been watching the stimulus numbers closely, and they continue to check out wrong. It doesn’t take an accountant, nor a task force, to figure that out.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Public Accounting Firms, Ranked by CEO Hotness

*ranked from the Accounting Today Top 100 #10: BDO Wayne Berson has done wonderful things for BDO but I definitely wouldn't do wonderful things to him. Nope. Sorry Wayne but… just no. The good news is you're one makeover away from being Eric Cantor, in which case, email me. #9: CliftonLarsonAllen It's a known fact […]

Are Today’s Accountants Already Occupying Wall Street?

Caleb and I had a talk last night and it made me think about this whole Occupy Wall Street thing. More importantly, it made me think about what I am and am not doing to support it. I haven’t been to a rally, even to take pictures (last time I tried to do that, I was the only one out in front of the Federal Reserve Board at 6 in the morning except for the lone Fed cop patrolling the perimeter).

I get that people are pissed off. I’m pissed off too. I’ve been pissed off, don’t tell me about being pissed off. I was lugging around aFed sign made on top of “Ron Paul ’08” acrylic three years ago, you don’t have to tell me about being pissed off. (Here I am in 2009 on SF Citizen in a “Bernanke 00%” t-shirt at an anti-Iraq war rally)

And I get that for some people, all there is to do is go downtown with a drum and some poorly-written signs on cardboard ripped from your mom’s Costco packages in the recycle bin. That’s totally fine, everyone has their own way of sticking it to the man.

For a lot of Going Concern readers, sticking it to the man means showing up every day in business casual pretending to give a fuck about COSO but actually knowing that it’s all a lie. They work you to the bone until you leave or submit and get promoted to manager. Partner if you’re lucky. Run on that hamster wheel, here have this bonus, keep going and one day you can beat your own subordinates into submission. Go, go, go… Many of you get that this is bullshit but keep showing up every day anyway, and to me, you are your own special kind of protester. Same as last year, motherfucker, it’s the ultimate form of rebellion.

Too much?


Point being, everyone has their own way of screwing the establishment. Francine does it railing against the Big 4. Bill Sheridan and Tom Hood do it at the MACPA with professionalism. Tom Selling does it by riling up fellow academics. Professor Dave Albrecht does it by being seen in public canoodling with known incendiaries like yours truly.

I do it by ripping on the IASB as often as I am allowed to, infiltrating the Hill to sniff out what’s the latest in CPA lobbying efforts and getting in as many F bombs as I can on the dry subject of accounting. That’s all I can do. I can’t abandon my day job to hang out in Manhattan eating vegan paninis. I can make and distribute offensive Bernanke fridge magnets.

I completely understand why people are attracted to Occupy Wall Street; the part I’m struggling with is why so many of the 99 Percenters seem obsessed with this thing called “fairness” that does not, in fact, exist. Is it fair that any of us have to drag our asses to work every day and do what we do? Is it fair that Becker costs $3,000 and doesn’t pass the CPA exam for you? Is it fair that many of you are drowning in student loan debt and seemingly forced to get Master’s degrees just to work in your field? Is it fair that Caleb gets listed in all the accounting publications and I’m stuck as the sidekick hack who always manages to piss people off? This world is unfair, sorry to be the bearer of bad news. I have to write about accounting every day of my life, it’s un-fucking-fair, we get it.

In my view (for whatever that is worth, which is probably not more than our company pays me to write this post), the ultimate rebellion is assimilating and infiltrating the establishment to enact real change from the inside. Are partners scared as shit of this website? Yes. If they’re threatening you with termination if you even dare to write us for advice, we’re doing something right. And I didn’t even have to not shave my armpits to accomplish that (but Caleb probably shaved his).

Are any of you going to independently revolutionize the accounting industry? Probably not. But collectively, you have scared the pants off of lazy ass recruiters and partners across this country who thought you didn’t have it in you. They read us because they feel like they have to or else they’ll lose touch with what you guys are thinking, and it scares the living shit out of them. In my mind, that’s a far more effective message to send the The Establishment, whoever the hell they are.

I fully support the fundamental sentiment of Occupy Wall Street but much prefer fulfilling my incendiary duties here trying to get accounting kids riled up and questioning why they put up with the shit they do. Working mothers in public accounting should be allowed to have children. Interns should be allowed to ask questions (even dumb ones). Auditors should be expected to question last year’s logic. It’s not complicated but it’s important work that a lot of you do, and I hope that you get that.

It is not your fault that we’re here. Many of you just followed the rules.

Thanks for letting me be a part of that. Beats standing around with a fucking sign, that’s for sure.

Earlier:
Wanted: Accountants for Large Protest; Organizational Skills and Experience with Anything Slightly Resembling a Expense Reimbursement Policy a Plus [GC]