In this election cycle, Nate Silver may be the most talked about person that isn't running for political office. He runs FiveThirtyEight, a blog that uses data to determine the probability of a particular outcome in an election, most notably the presidential election. In 2008 he predicted 49 out of 50 states correct, so he […]
Generally, we prefer that our tip box be used for actual tips (as previously stated, "eat shit" is not a tip) but every now and then, some non-tip makes its way through that we can't help but act on. I suppose the following "tip" is one such non-tip that I'm compelled to repost here. It's […]
We’re happy that Paul Caron was able to squeeze a little time in to answer our questions this week. Between April 15th, finals and keeping a regular posting schedule at TaxProf Blog, we’re honored that he took the time to humor us.
After all, the man has been on the Accounting Today’s Most Influential People four years in a row. Not exactly a lightweight.
That being said, since AT’s list isn’t a ranking, it’s difficult to say just how influential Paul is. But we are certain that he carries more favor with the tax and accounting community than, say, Charlie Rangel.
In addition to his star power in the tax community, he is Associate Dean of Faculty and Charles Hartsock Professor of Law at the University of Cincinnati College of Law.
Why do you blog?
I often ask myself that question…Part of the answer is to help create a virtual community of tax professionals (tax lawyers, accountants, students).
How long have you been blogging?
Since (appropriately for a tax blog) April 15, 2004.
If someone had to read just one post of yours which one would it be?
My annual post analyzing presidential tax returns.
What is the biggest benefit you’ve gotten from starting your blog?
Getting to know a variety of tax folks. I’ve written 5 books; over 30 articles; Been cited over 350 times; Been downloaded over 10,000 times; had almost 10 million visitors to my blog. So I guess my blog trumps everything else I’ve done professionally. I’m pretty sure that the first sentence of my obituary will mention my blog, not any of the books or articles that I’ve written.
If you are a tax blogger you must…
Not need sleep.
Sara McIntosh’s (a pen name) blog is described as “Devoted To Rocking the Worlds Of Finance, Accounting and Auditing.” And if you’ve read any of her posts you’ll know that by “Rocking” she means in the carnal sense.
She is a lifelong writer and accounting/finance industry expert and entrepreneur. After earning an MBA at Northwestern, she started her own finance and accounting consulting business specializing in acquisitions, implementing worldwide accounting systems, haltingg systems malfunctions in global financial operations.
Having conquered all her professional goals she now focuses on writing, having completed her first novel Shell Games in the Summer of 2009. She is currently working on her second novel, Tricks of the Trade.
Accountants are . . .
Sexiest when thinking outside the box.
What are your three must-read accounting blogs and one must-read non-accounting blog?
• Francine McKenna’s posts here at GoingConcern and at her own blog, re:TheAuditors – There is no one else that I’ve read that tears apart the accounting essentials from complex 10Ks and 10Qs and scours board minutes to report on the indisputable facts about frauds and other financial shenanigans behind the recent financial crisis and pointing toward future blowouts waiting to happen.
• Professor David Albrecht’s The Summa – Hands-down his posts are the most interesting briefs on everything you need to know about accounting standards. That world is going through some crazy, most-likely-not-in-out-best-interest changes right now and he is one of the few voices in the industry trying to stop the decline in U.S. financial reporting standards.
• Edith Orenstein’s FEI (Financial Executives International) blog – What can I say, Edith is everywhere! If you only could go one place to find out everything going on in the accounting, finance and audit industries her blog posts would be the place to go, period.
• Chris Brogan – He blogs about blogging and other social media galore. He is an amazingly high-energy, extremely warm and witty guy—and it comes across in his posts, making them all the more memorable. He also has a best-selling book on the subject entitled, Trust Agents.
If someone had to read just one post of yours which one would it be?
According to the rest of the internet universe, “Handcuffed Without Consent.”
The biggest issue facing accountants today is . . .
How to restructure the audit industry to become a profession based upon integrity (auditors no longer selected, managed and paid for by the companies they audit) versus what we have today—an environment too often based on greed. If we get the restructuring of the audit industry right, the crooks who ruin it for the rest of the public audit professionals will leave the industry for more lucrative pastimes elsewhere—you’ll most likely find them in the executive suites of their former clients.
Best Accounting firm we’ve never heard of . . .
The Johnsson Group, based in Chicago. Their specialty is improving the internal financial operations of some of the largest corporations in the world. They’re the been-there, done-that consultants every major corporation wishes they had in their back pocket long before the regulators started knocking . . .
Our contributor Francine McKenna takes her job very seriously. When we asked her to participate in our little exercise she insisted that all her answers be as long of some of her posts but we managed to explain to her that none of these questions would be related to the Big 4.
She backed down.
As you know, Francine is the and Founder and Managing Editor of Re: The Auditors and a furious Tweeter. Prior to launching RTA, Francine worked for more than twenty years working for in consulting and professional services here in the States and abroad.
• Why should you accountants read your blog?
Do they really have something more stimulating to do?
• If someone had to read just one post of yours which one would it be?
“Too Few To Fail Or Something More?” tells you everything you need to know about how the current regulatory regime works against the shareholder and for the perpetuation of the myth of the current audit firm business model. It’s my first post with original reporting, it’s where I coined the term “too few to fail,” and still one of my most popular.
• Who is your favorite blogger?
So many favorites now, but the guy that told me blogging could make me famous is Mr. Clublife, the guy who stands on the box at your favorite club in NYC.
• Best thing about blogging for accountants?
They are, for the most part, too introverted to complain or harass me too much.
• The biggest issue facing accountants/auditors today is…
They’ve, for the most part, forgotten that their client is the shareholder and that, as professionals, they owe their first professional duty to that client, not their firms, not their partners, not their colleagues and not the management of the companies they audit.