October 20, 2021

TOILET HUMOR

Not Everyone Using the Ernst & Young Men’s Room Is a Stand Up Guy

A top secret "restroom correspondent" at an unnamed EY! location informs us that the following was prominently featured on the lunchroom wall for all of "22 minutes on Friday till the OMP popped by":   EY! Bathroom Etiquette For Feral Males What is it, exactly, with EY! and bathrooms? Apparently some people need to be […]

Future ‘Digital CPAs’ Will Make the Most of Bathroom Breaks Thanks to AICPA’s New CPA Exam App

Put down the Fruit Ninja, folks, the AICPA has a new app for you to play with. Yesterday, the AICPA announced the launch of two new mobile apps: an iPad app for Journal of Accountancy and an interactive CPA exam aid that works on Apple and Android devices. "One of the most exciting developments in […]

Tormentors of IRS Fresno Location Have Lost Their Sense of Scatological Humor

We managed to get through tax season without any bomb/white powder/crazy man in a plane incidents at IRS locations (that we know of). That's the good news. The bad news is that anti-IRS forces never rest. Why? Because crazy never rests. Yesterday, the Service's Fresno location fell prey to a "white powder scare," which has […]

CPA Exam Candidates: Have You Considered Adult Diapers?

That headline is serious, btw. I'm shocked I don't see more candidates talking about the possibilities of 4 hours of AUD in diapers. Do you all know Greg Kyte? Of course you do, you met him on GC here. Well it takes guts to be honest about one of the worst parts of taking the […]

Ernst & Young Tag Line Takes on a Whole New Meaning in the Lavatory

February was filled with toilet humor and it appears that the posted rules of etiquette at Ernst & Young were taken very, very seriously by one office (that we've been asked not to disclose).  I'm not really sure what kind events would have led up to an official posting of this magnitude but too much Tex-mex take […]

Omaha Mayor Proposes Crappy Idea to Fund Sewer Improvements

Omaha Mayor Jim Suttle was at the U.S. Conference of Mayors this week to brainstorm solutions to various problems with his fellow hizzoners. Omaha, for one, needs to make improvements to its sewer system to the tune of $1.7 billion. So it makes perfect sense for Suttle to suggest a simple way to get to the source of this problem:

Among the items on his brainstorming list: a proposal for a 10-cent federal tax on every roll of toilet paper you buy. Based on the four-pack price for Charmin double rolls Tuesday at a midtown Hy-Vee, such a tax would add more than 10 percent to the per-roll price, pushing it over a buck.

But just because Scuttle is throwing this out there doesn’t mean he’s on board with it; he’s just come up with solutions:

The idea came from a failed 2009 House measure by an Oregon congressman to help cities and the environment. “I heard about it and said, ‘Well, this is simple. Let’s put it on the table,’” said Suttle. “It doesn’t mean I endorse it.

Suttle unrolls toilet paper tax [OWH via TaxProf]

What Did Ernst & Young Call Lehman’s ‘Goat Poo’ Assets?

Considering E&Y was, ya know, the auditors and all, they should have been aware that these assets were a grade or two (or three) below human excrement and probably had some name for them.

Lehman Brothers Holdings Inc (LEHMQ.PK) filed for bankruptcy on Sept. 15, 2008 and then quickly sold its prize investment banking assets to Barclays Bank (BARC.L). JPMorgan had been Lehman’s banker. The court papers, filed in U.S. Bankruptcy Court in Manhattan on Thursday, said that Barclays and Lehman called certain Lehman assets “toxic waste” and “goat poo” and knowingly excluded them from their sale agreement.

Jim Turley has been a willing participant in this whole thing so far but were far more interested in what you guys think.

JPMorgan says Lehman called assets “goat poo” [Reuters]