“No bureaucracy ever thinks it has all the power it needs.”
~ Joe Kristan can’t see the future (to our knowledge) but he did predict that the IRS would try to extend the tax preparer regulations to CPAs.
Related Posts
Quote of the Day: March Madness Pools Are an Important Busy Season Distraction | 03.08.10
- Caleb Newquist
- March 9, 2010
“This year of all years, the importance of camaraderie and bringing employees together is greater than ever. If people are talking about March Madness, they’re not talking about the state of the business, or the pay cuts, or the layoffs, or things like that”
~ Jonathan Shapiro, partner at labor and employment firm Fisher & Phillips, on why betting pools and even game-watching are good morale boosters.
At Which Point the SEC Will Announce That “Things Are Progressing” on IFRS
- Caleb Newquist
- May 21, 2010
“As we move forward, we are committed to providing public progress reports beginning no later than October 2010 and frequently thereafter until the work is complete.”
~ SEC Chief Accountant James Kroeker’s testimony for tomorrow’s hearing before the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.
This Fall, It’s Do or Die for Accounting Rule Convergence
- Caleb Newquist
- July 7, 2010
“If we can’t get converged (on financial instruments), it would suggest the convergence effort is going to be challenged and questioned on a significant basis.”
~ FASB member Tom Linsmeier levels with everyone on the FASB’s big test in the convergence process this fall.