In collegiate tournament basketball, a #16 seed upsetting a #1 is virtually unheard of. The only time it has ever happened was the Harvard Womens squad upsetting Stanford in 1998. It has never happened in the mens tournament. But in the Going Concern March Madness: Coolest Accounting Firm bracket, superior athletes, coaching and luck do not matter. Like most things in accounting, it comes down to numbers.
Late yesterday, PwC’s lead over Reznick Group completely vanished. I speculated to my parter-in-crime that based on the sheer volume coming out of the Virginia/Maryland region that it had to be some sort of a concerted effort on the part of Reznick Group. Turns out I was right; more right than I could possibly know.
This email went out to all Reznick Group offices. Yes. All.
And here’s the victory lap/dancing on PwC’s grave:
We knew America would land with Reznick Group accountants being the coolest bean counters around. With the underground movement of getting clients, family and friends to help vote along with a huge push from our India employees motivating a billion voters, hard to stop the Reznick Group momentum.
Bring on the next contender!
So for the firms left – this is what you’re up against. I’m not suggesting that you should undertake similar efforts but that’s because I have to remain neutral in this regard.
It should be noted that based on the numbers accumulated by Vizu, it appears very few Reznick people bothered voting on any of the other match-ups. This isn’t exactly the kind of participation we had in mind but since most of RG is probably new to the site, we’ll let it slide. The question now is whether this amounts to a “Reznick win” or a “PwC loss.” Please discuss. We’ll updated you with the match-ups for the second round later today and the voting rolling tomorrow.
We’ve got lots of Cinderellas in our midst friends. With 12 hours of voting to go in the first-ever Going Concern March Madness: Coolest Accounting Firm (“GCMMCAF”) bracket, Ernst & Young, Deloitte and KPMG are all in danger of being upset by BKD, Rothstein Kass and Crowe Horwath respectively.
As you no doubt noticed, #1 seed PwC is cruising along in their match-up with Reznick Group but aside from that, how is it that we could have such a dancity accounting firm bracket dance? Glad you asked because the consummate GC commenter, Another exKPMGer, has a theory:
I would wager serious money the cause for this is that the people who work for the other 3 firms, for the most part, didn’t vote for their own firm because they know their jobs are bullshit and want to give no sign of submission to their firm. Whereas the folks from PwC couldn’t click on themselves fast enough to prove how awesome they are. I hear they’re installing mirrors in every cubicle with the words etched at the bottom “PwC is AWESOME” so that you can stare at yourself all day and think about the awesomeness that you’re a part of.
There doesn’t appear to be any empirical evidence to support the theory at this time but supporters and debunkers are welcome to comment at the validity of this statement. And of course if you haven’t voted, jump over to the original post and get on this.