You can count on only two things in life — death and taxes. Actually, more like two and a half things, because there is also taxes upon death. The estate tax raises revenue by taxing the wealth people leave behind when they die. That’s a good thing. If we could, I would suggest only taxing dead […]

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Sometimes when you search Technorati blog posts for the term “auditor” you get some inter­esting results. Highlights from a post on a MySpace blog by a guy who worked on the Enron audit with Arthur Andersen simply titled “Chuck Norris — Auditor”: Chuck Norris does not accrue for expenses. He accrues for pain. Chuck Norris not […]

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Two terms, “spring-loading” and “bullet-dodging” have reminded me of the tendency in business to put a positive spin on negative practices. Spring-loading refers to the practice of granting options immedi­ately before releasing good news that will likely increase the stock price, resulting in options that are not in the money techni­cally when granted, but are, […]

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I was referred to a story in the September 10^th Toronto Star about the UFE by my girlfriend’s Mom. It’s about time this momentous occasion is chron­icled in the most-read daily in the country: Starting Tuesday, more than 650 students will write the profes­sional accounting exam in Toronto — more than 2,500 in Canada. I’ll […]

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The UFE is next week — beginning September 12 and running for three days. I’ve spent the last four weeks straight writing, marking and debriefing cases, sometimes at home and sometimes at a library downtown with co-workers. But really I’ve been preparing for this exam for the better part of the past year. My firm […]

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