A quick word of thanks to this week’s advertiser on Going Concern:
• Verizon Wireless
If you’re interested in advertising on Going Concern, email us at advertising@breakingmedia.com. Thanks!
Related Posts
Accenture, Feeling Left Out, Gets Our Attention
Since Andersen went the way of the dodo almost ten years ago, Accenture has been moseying along just doing whatever it is they do. They’ve done a pretty decent job of getting people to forget that they were once part of the Big 5 4.
Since we’re pretty sure there are plenty of you out there that have friends, former colleagues, sworn enemies, and booty calls at Accenture we thought we’d pass along that they are rumored to be getting into the pay freezing spirit.
Get some details, after the jump
Apparently an email went out today stating that “Most individuals will not receive an increase in base pay.” But if you’re one of the lucky few getting a promotion you’ve got a shred of hope, “People being promoted will receive an increase in base pay only if they are below the minimum salary range for their new career level.” Awesome.
This seems very curious because at least Accenture’s super star golfer sponsoree is playing well while someone else is screwing the pooch and risking a RIF.
So if you know some Accenturites pass this along and see if they know just WTF is going on in the Haunted House of Andersen. If you ARE an Accenturite, get us the info on this whole sitch at tips@goingconcern.com. Their PR has apparently checked out for the weekend already and we’re not probably going to hear anything until Monday but we’ll update accordingly.
Moss Adams Gives Venture Bank the ‘It’s Not You, It’s Me’ Routine
Things that could be perceived as bad:
• Your auditor is putting a going concern paragraph in your audit opinion.
• You agree with your auditors when they tell you that you have a material weakness in internal controls.
• It’s August 5th and you haven’t filed your 10-K..
Along with everything listed above, Venture Financial Group entered into an agreement with the Federal Reserve Bank of San Francisco that lists a bunch of stuff that Venture can’t do. Plus they get to report to Fed-SanFran every quarter how they’re doing such a good job at not doing anything they’re not supposed to.
More, after the jump
Apparently all this was more excitement than Moss Adams could stand because they’re kicking Venture to the curb after the 2008 agreements are finished. The firm broke the news to Venture on July 24th and the SEC got the filing just last week.
Accounting firms being the dumper and not the dumpee is usually a good sign of damaged goods. Best of luck to Venture Bank in its quest to find new auditors.
Firm bows out of Venture audit [The News Tribune via Jr. Deputy Accountant]
GC Weekend: Fill Has Broken the Mold
Round 3 has come and gone for the Radio Station billboard and it’s nothing but more disappointment.
After two straight rounds of +2, Fill is in the clubhouse at +6, after shooting +4 today. Obviously, he has not bounced back as many Klynveldians had hoped he would.
With this latest performance, we’re thinking that Fill has all but solidified his slot in the upcoming current RIF. This simply means that he’ll have to continue to slum it for the likes of Barclays, ExxonMobil, and Rolex.
This latest poor performance forced us to get a little creative with the rating system.
Check out our latest 9 box, after the jump
As you can see, we decided that it was appropriate to modify the traditional 9 box for this special occasion. It’s no longer at NI9 for Fill, he has his own special box: the Fill NI9. This rating will now represent the most disappointing performances for Radio Station employees.
Check in with us tomorrow Monday to get the final round Fill coverage.