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	<title>Comments on: Beazer &#8211; They&#8217;re Falling Like Dominoes</title>
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	<link>http://retheauditors.com/2008/02/01/beazer-theyre-falling-like-dominoes/</link>
	<description>The Business of the Big 4 Audit Firms</description>
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		<title>By: re: The Auditors &#187; Blog Archive &#187; More From NYC, FEI&#8217;s CFRI Conference, And The Directorship Forum</title>
		<link>http://retheauditors.com/2008/02/01/beazer-theyre-falling-like-dominoes/comment-page-1/#comment-70205</link>
		<dc:creator>re: The Auditors &#187; Blog Archive &#187; More From NYC, FEI&#8217;s CFRI Conference, And The Directorship Forum</dc:creator>
		<pubDate>Mon, 28 Dec 2009 05:12:31 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=574#comment-70205</guid>
		<description>[...] day, the WSJ reported a new SEC action against the CEO of Beazer Homes.  You remember Beazer.  I have written about them. We haven&#8217;t seen any action on companies like Dell, yet, but I&#8217;ve been encouraging the [...]</description>
		<content:encoded><![CDATA[<p>[...] day, the WSJ reported a new SEC action against the CEO of Beazer Homes.  You remember Beazer.  I have written about them. We haven&#8217;t seen any action on companies like Dell, yet, but I&#8217;ve been encouraging the [...]</p>
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		<title>By: @Deloitte</title>
		<link>http://retheauditors.com/2008/02/01/beazer-theyre-falling-like-dominoes/comment-page-1/#comment-21058</link>
		<dc:creator>@Deloitte</dc:creator>
		<pubDate>Thu, 03 Sep 2009 03:37:41 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=574#comment-21058</guid>
		<description>This is obviously an old FM post that Justwondering seems to have revitalized - but since it is sort of relevant to the other port I just made I&#039;ll comment here as well.

Think of things in these terms:

The Gov office of accounting or budget or IRs or whoever don&#039;t know exactly how much revenue the US Gov brings in, where it all comes from, or where it all is or how it is all spent.

* * * * * * * * *

This reminds me of a friend who found out about a gov program, from his social worker, that he then figured out how to scam his way into, giving him a monthly check for the rest of his life, whether he ever worked again or not, plus retroactive payment of the funds he would have received had he gotten into this program from the date of when he had last worked (I&#039;d like to point out that he had only held one job in his life - for a few months - right out of HS, and this took place well over ten years later). This same guy’s mom worked for the Gov in the same department and was concerned that she could lose her job is it got out that her child had found out and gotten into this program. She was quite a foolish woman as the Gov couldn&#039;t figure out that he was even on the program if they had to let alone that his mother was a Gov employee. Besides, what she hadn&#039;t thought about was that, as a civil servant, they couldn&#039;t have fired her if they wanted to. 

Oh, and he parlayed that retroactive payment into a house, some lade in the blue ridge mountains, a farm in northern CA, and the house he now lives in Hawaii.


* * * * * * * * *

So my friend made out - easy laidback lifestyle with bare basic yearly income was the life he wanted, and got.

I took a different road, admittedly not the partner track, but still in the complete op direction of my friend. Only I&#039;m not screwing people out of money, I&#039;m not shafting the tax payer because I know there&#039;s some program that is gov supported that will give me millions, billions, etc

* * * * * * * * *

Yeah a billion is small change compared to 42, but so what - that doesn&#039;t mean it isn&#039;t a significant figure that needs to be addressed.

This sort of stuff makes me stop and say &quot;Who the f**k are these people and where the f**k did they spawn from?&quot;</description>
		<content:encoded><![CDATA[<p>This is obviously an old FM post that Justwondering seems to have revitalized &#8211; but since it is sort of relevant to the other port I just made I&#8217;ll comment here as well.</p>
<p>Think of things in these terms:</p>
<p>The Gov office of accounting or budget or IRs or whoever don&#8217;t know exactly how much revenue the US Gov brings in, where it all comes from, or where it all is or how it is all spent.</p>
<p>* * * * * * * * *</p>
<p>This reminds me of a friend who found out about a gov program, from his social worker, that he then figured out how to scam his way into, giving him a monthly check for the rest of his life, whether he ever worked again or not, plus retroactive payment of the funds he would have received had he gotten into this program from the date of when he had last worked (I&#8217;d like to point out that he had only held one job in his life &#8211; for a few months &#8211; right out of HS, and this took place well over ten years later). This same guy’s mom worked for the Gov in the same department and was concerned that she could lose her job is it got out that her child had found out and gotten into this program. She was quite a foolish woman as the Gov couldn&#8217;t figure out that he was even on the program if they had to let alone that his mother was a Gov employee. Besides, what she hadn&#8217;t thought about was that, as a civil servant, they couldn&#8217;t have fired her if they wanted to. </p>
<p>Oh, and he parlayed that retroactive payment into a house, some lade in the blue ridge mountains, a farm in northern CA, and the house he now lives in Hawaii.</p>
<p>* * * * * * * * *</p>
<p>So my friend made out &#8211; easy laidback lifestyle with bare basic yearly income was the life he wanted, and got.</p>
<p>I took a different road, admittedly not the partner track, but still in the complete op direction of my friend. Only I&#8217;m not screwing people out of money, I&#8217;m not shafting the tax payer because I know there&#8217;s some program that is gov supported that will give me millions, billions, etc</p>
<p>* * * * * * * * *</p>
<p>Yeah a billion is small change compared to 42, but so what &#8211; that doesn&#8217;t mean it isn&#8217;t a significant figure that needs to be addressed.</p>
<p>This sort of stuff makes me stop and say &#8220;Who the f**k are these people and where the f**k did they spawn from?&#8221;</p>
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		<title>By: Ex Deloitte and PwC Consulting</title>
		<link>http://retheauditors.com/2008/02/01/beazer-theyre-falling-like-dominoes/comment-page-1/#comment-20986</link>
		<dc:creator>Ex Deloitte and PwC Consulting</dc:creator>
		<pubDate>Thu, 03 Sep 2009 00:57:07 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=574#comment-20986</guid>
		<description>@1, it&#039;s all relative isn&#039;t it?

I had a govt client when I worked at one of the two firms listed above. The job was to write a set of processes and tools which would hold govt expenditure accountable to stated objectives of the appropriation. It was a really satisfying job precisely because of that purpose. I was discussing with my client the difficulties in getting people to adopt the new tools, and hazarded that the dept. secretary could be enlisted to support the project publicly. &quot;After all&quot; I said &quot;there&#039;s a billion dollars a year getting spent here&quot;. My client turned her world-weary eyes upon me. &quot;That&#039;s just the problem.&quot; she said. &quot;It&#039;s only one billion.&quot; We&#039;re a forty-two billion dollar a year organisation.&quot;

At that point, how satisfying it would have been to get the chairman of BHP Billiton to materialise in the room, to explain just how hard this enormous organisation had to work to cause a billion dollars to appear in the world each year (roughly BHPB&#039;s annual EBIT). My client had worked in this forty-two billion dollar a year organisation for too long, and had lost touch with how much a billion dollars was.

And in a sense people who deal with these numbers have to forget what they mean. The alternative is to puff yourself up with the self importance sufficient to assume that you are worthy of that degree of trust. And go mad. Or to continually remind yourself just how critical every decision you make is, how much is riding on it. And go mad.</description>
		<content:encoded><![CDATA[<p>@1, it&#8217;s all relative isn&#8217;t it?</p>
<p>I had a govt client when I worked at one of the two firms listed above. The job was to write a set of processes and tools which would hold govt expenditure accountable to stated objectives of the appropriation. It was a really satisfying job precisely because of that purpose. I was discussing with my client the difficulties in getting people to adopt the new tools, and hazarded that the dept. secretary could be enlisted to support the project publicly. &#8220;After all&#8221; I said &#8220;there&#8217;s a billion dollars a year getting spent here&#8221;. My client turned her world-weary eyes upon me. &#8220;That&#8217;s just the problem.&#8221; she said. &#8220;It&#8217;s only one billion.&#8221; We&#8217;re a forty-two billion dollar a year organisation.&#8221;</p>
<p>At that point, how satisfying it would have been to get the chairman of BHP Billiton to materialise in the room, to explain just how hard this enormous organisation had to work to cause a billion dollars to appear in the world each year (roughly BHPB&#8217;s annual EBIT). My client had worked in this forty-two billion dollar a year organisation for too long, and had lost touch with how much a billion dollars was.</p>
<p>And in a sense people who deal with these numbers have to forget what they mean. The alternative is to puff yourself up with the self importance sufficient to assume that you are worthy of that degree of trust. And go mad. Or to continually remind yourself just how critical every decision you make is, how much is riding on it. And go mad.</p>
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		<title>By: Just wondering!</title>
		<link>http://retheauditors.com/2008/02/01/beazer-theyre-falling-like-dominoes/comment-page-1/#comment-20919</link>
		<dc:creator>Just wondering!</dc:creator>
		<pubDate>Wed, 02 Sep 2009 16:48:43 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=574#comment-20919</guid>
		<description>How is it that they can allow themselves to be 1.3 BILLION dollars in debt! Aren&#039;t there boundaries, limitations????

I admit, I don&#039;t know much but it is so frustrating to see such mind boggling amounts thrown out like pennies!!!</description>
		<content:encoded><![CDATA[<p>How is it that they can allow themselves to be 1.3 BILLION dollars in debt! Aren&#8217;t there boundaries, limitations????</p>
<p>I admit, I don&#8217;t know much but it is so frustrating to see such mind boggling amounts thrown out like pennies!!!</p>
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