• Archive for the ‘Your Career’ Category

    Professional Rogues

    By • Aug 26th, 2010

    This post originally appeared at GoingConcern.com on August 26, 2009. I’ve added updates and additions where available.

    Insider trading. Fraud. Money laundering. Falsifying documents. Embezzlement. Tax shelter abuses.
    Some say I’m too negative about the audit industry. Occasionally I’m accused of making things up.

    Ratings, Raises and Promotions – Forced Ranking In The Big 4

    By • Aug 16th, 2010

    This was originally posted  Going Concern.com on August 12, 2009. …there’s definitely collusion/shenanigans going on amongst the big 4 for compensation along with extending dates for promotions. Ratings manipulation is also going on along with unfair treatment of those that tried to go above and beyond….” Both Deloitte and KPMG admitted last fall that job […]

    The Big 4: A “Professional” Racket: How Did I Get Here?

    By • Aug 11th, 2010

    The graduation party’s come and gone. There’s a Mont Blanc in your limited edition Prada backpack. The economy is not getting any better, but friends, relatives coughed up decent cash and you headed to Barcelona and Bilbao with a few buds to check out the Gehry Guggenheim. Your start date is delayed until January and the offer letter has […]

    Updated: PricewaterhouseCoopers Cuts Hundreds of Internal IT Professionals

    By • Jul 29th, 2010

    In a move that was too big to hide, PricewaterhouseCoopers on Thursday cut between 500-800 professionals from its internal IT organization. Multiple sources are telling me the number is closer to 800. In any event, PwC admits, in an unprecedented press release, that there is no severance offered because they are giving professionals until the end of the year to find other jobs.

    @Going Concern “Investing On A New Graduate’s Salary: What To Do With What’s Left”

    By • Jun 23rd, 2010

    First paycheck. After taxes it’s not a big as you’d hoped. $72k is pretty good money but not the mother lode, for sure. If you weren’t living in one of the most expensive cities in the US it would go a lot farther. But at least you’ve got a roommate to share the burden. Working so many hours leaves little time for shopping, boozing or investing…

    Volcanic Lemonade

    By • May 10th, 2010

    This piece posted in full by permission of my friend Rob Nance, Publisher of Accounting Web, Inc. They can be found on Twitter and Linked In. “When life hands you lemons, make lemonade,” so goes the saying. My business trip to the UK was cancelled today (and for the unforeseeable future) due to Iceland’s volcanic […]

    A Poem From The “Barefoot Accountant”

    By • May 2nd, 2010

    An Accounting Firm in Connecticut What thoughts I have of you tonight, Arthur Andersen, for I reviewed financial statements through dinner hour ad nauseum subconsciously thinking of my audit fee. In my hungry fatigue and looking for adjustments, I examined balance sheet accounts, vouching countless transactions! What errors and irregularities!  Multiple assertions misstated outright!  Loans in the […]

    The Undeniable Value of Professional Skepticism: Guest Post From Terry Starbucker

    By • Apr 1st, 2010

    “Terry Starbucker” is the nom de plume of my friend Terry, a service company executive (and CPA) with nearly 28 years in the business world. He writes about leadership and personal development on his blog, Ramblings From a Glass Half Full.

    Beyond the Yellow Brick Road: A College Student’s Assessment of Public Accounting Job Opportunities

    By • Feb 4th, 2010

    Somehow, they manage to make accounting look sexy. It starts when they roll into campus career fairs with their nicely tailored suits, bundles of pens and tote bags to give away, even informational cards which can be planted in a pot and sprout as flowers. You’re not in Kansas anymore! This is the big leagues, and guess what? You made it!

    Deloitte Wins Major Round Re: Alleged Inside Trader Flanagan

    By • Jan 5th, 2010

    Deloitte should be careful what they wish for. The Flanagan insider trading litigation has forced them to reveal their woefully inadequate policies and procedures regarding independence compliance. While trying to placate their clients who were dragged through the mud on this and exact revenge against their own leadership-level partner, a pillar of the Chicago social and philanthropic community, they’ve admitted to allowing Flanagan to breach their standards more than 300 times and to get away with it.