This dropped in my inbox today. It's screengrab from an AICPA monthly newsletter called BusIndNews […]
A tipster came across the following poll from the Boston Business Journal in their LinkedIn feed: […]
TPTB, in their never-ending quest for world domination, respectfully request a moment of your time to answer the following question. Simply comply (if applicable) and we’ll never have to speak of it again.
I’ve been instructed to ask those of you answering “Other/Self Study” to kindly share which review course you are using. Thanks.
Yet the majority of these CFOs don’t believe that the federal government’s financial policy has had any effect on their business.
So does that mean CFOs are indifferent about which party is in actually in power but more generally speaking, Republicans give them the warm fuzzies while Dems give them the heebie jeebies?
Despite the fact that more than 70 percent of chief financial officers (CFOs) at Deloitte’s annual CFO Vision conference earlier this month believe current government financial policy has either had no effect or negatively impacted their business, the tide is turning toward a more positive outlook. A majority (59 percent) of the same group of CFOs expect the recent Congressional midterm elections to have a positive impact on their industry.
Maybe we’re a little slow (especially this week) but Sandy Cockrell (he introduced us to the “bathtub recovery“) attempts to clarify:
“CFOs are confident that they can pull the levers within their own companies to do their jobs, but they are most worried about external issues involving economic recovery and regulations,” said Sanford Cockrell III, national managing partner of Deloitte’s U.S. CFO Program. “The biggest risk they see is a prolonged, stagnant recovery. Industries are also concerned about too much government intervention. If the employment picture does not also improve and if general pessimism continues to rise, we would expect pessimism to start having a larger impact on companies’ earnings and investment expectations.”
Okay so 70% of the CFOs polled “believe current government financial policy has either had no effect or negatively impacted their business,” yet they still fear government intervention? And if what Cockrell is saying rings true with the majority of CFOs polled, the second John Boehner holds the gavel as the new Speaker of the House, the employment picture may slowly begin turn around? Do we have that right? Really, finance chiefs of America? That’s what you’re pinning your hopes on?
Are they all confused or did Deloitte just throw together a poorly designed poll? We’re stumped but if you’ve got the time and energy, we’ll entertain some theories.
There comes a time in every unemployed person’s stint as Costanza where you consider going back to the job you just quit. Or maybe you got canned but now they’re reaching out to you through the alumni network just to let you know how great you are nd dang, we sure miss ya.
The BBC was asking around about employment prospects in the new year and lo and behold, they interviewed Keith Dugdale, director of global recruitment at KPMG. Amongst other ramblings, Mr. Dugdale put it out there that KPMG is maybe thinking about asking you some of you to come back:
One thing KPMG is looking at is the notion of rehiring former workers to make use of their experience.
“We are putting a lot of effort into alumni activities,” Mr Dugdale says.
Oh sure, maybe the BBC is reading into it too much but it does make us wonder how many of you would consider going back to an employer that you left because of [insert reason]. Not because you’re desperate (well maybe you are) but perhaps you decided the grass wasn’t greener after all or you’ve got streak of forgiveness in you that you didn’t realize or you told them they had to beg — like get on your knees and beg and tell me you can’t live without me! And I want an iPhone. No! Two iPhones! — and…they did. Maybe we’re broaching the unthinkable but somehow we think some of you might miss the old digs and would jump at the shot to go back. Kindly satisfy our curiosity.
Picking nominees for Accountant of the Decade was not an easy task and we hope we’ve presented you with some appropriate nominees. If you don’t like the any of them then you should’ve been more vocal during the nomination process.
Or put another way: piss off.
Personally, we would have nominated Stella but we vowed to let the people speak on this matter and not allow our personal preferences to cloud the democratic process.
The nominees are as follows:
Peter Olinto — CPA; JD; Rival of P. Diddy; CPA Exam Maven; Lover of mnemonic devices.
Tim Flynn — Chairman of KPMG; Servant of capital markets; Part-time caddy to Phil Mickelson; Full-time sweater vest buddy to Phil Mickelson.
Tim Gearty — CPA; Infrequent Tweeter; CPA Exam Maven; Kicks it with Bob Herz on boats.
Andy Fastow — Enron CFO; Book cooker; Asshole (so we hear); Inmate #14343-179.
David Friehling — Former partner at Friehling & Horowitz; Bernie Madoff pal; Worst auditor ever; Inmate #TBD.
Who knew servants of the capital markets could be so creative? Since democracy is alive and well here at GC, it’s about time to get the vote on this one going.
Here are the finalists:
A. If you think that’s bad, you should see where the prior year work papers are kept.
B. You think this is bad, the intern’s desk is inside the bathroom.
C. The audit staff showed the client who is boss by blocking entry to the restroom until the accountants provided the requested PBC’s.
D. Don’t think the .05% raise was the only benefit to becoming a senior manager.
E. In retrospect, the auditors realized that they shouldn’t have expressed so much concern over where the client was going.
F. Upon their arrival to their workstation, the audit team quickly understood the reasoning behind the under-accrual for utilities expense for the months of January through March.
We think it’s important to remind you that voting ends tonight at 11:59 PDT for our two polls from Monday:
• Caption Contest Poll: KPMG Scary Stories
• Satisfied with Your Salary?
So jump over and vote in both the polls. We’ll give you the results tomorrow.
Also don’t forget to submit your questions to us for this week’s CPA Exam Question of the Week. You can submit your questions to [email protected] through tomorrow. Anything received on Friday will be considered for next week.
This is the last thing we thought we would see: No grumbling from accountants over pay freezes.
Maybe our number crunching friends across the pond are less hung up on money but Stateside “No grumbling” is, at the very least, debatable.
We figured getting a comparison poll was in order. So, continuing the theme of election day, we’ll ask you to vote again, this time on how you feel about your current salary. Feel free to elaborate in the comments.