failures

State of the Profession 2019: We Need to Talk About Accounting’s Big PR Problem

Not sure if anyone’s noticed but the profession is in trouble. You know it’s bad when the most cynical of cynics feels compelled to say yeah, this is kinda actually bad. Sure, I’ve talked plenty of smack over the years but I’ve also been one of the profession’s biggest cheerleaders, lifting up future CPAs when […]

Crumbs Bake Shop Just Fulfilled Auditor Rothstein Kass’ Going Concern Prophecy

Only a few short weeks ago (May 15, to be exact), Rothstein Kass expressed substantial doubt about Crumbs' ability to continue as a going concern in a 10-Q filed with the SEC for the quarter ended March 31, 2014: The accompanying condensed consolidated financial statements have been prepared in conformity with GAAP, which contemplates the […]