The Sarbitch is back

January 13th, 2007 · 4 Comments

The Accounting Observer has invented a new term: Sarbitching. I love it!

Category: Accounting Blogs
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4 responses so far ↓

  • 1 Krupo // Jan 13, 2007 at 2:13 pm

    I argue that it’s just a desperate attempt by a partisan of the “Sarbox” movement. As opposed to people who just call it “Sox”. Inter­esting article, though. ;)

  • 2 A Counting School : A few things worth reading // Jan 13, 2007 at 2:33 pm

    […] A few things worth reading Vacation’s over, a full week has passed and my spare time has been cut down severely. I barely have enough time to read about what’s going on in the world, let alone what other people are writing about online.The distinction between “what’s going on in the world” and “what other people are writing about online” is a fine one, but pretty self-evident, I suppose. Something akin to the difference between “news” and “opinion” articles, although it’s often inter­esting to see them overlap, and that they do with decent frequency in the ‘everyone’s a publisher’ environment that even this post is shared in.Neil pointed out an example of two things: people who can’t accept that we call it “Sox”, not “Sarbox”, and that people like to complain about things. The article’s about how Jim Clark quit his company — he owns a big chunk of it — because it no longer had a focus on invention, but just on producing things. But before going he wanted to say how much he hates Sox. He was upset for various reasons, though they all boiled down to the fact that if you own a big chunk of the company, there’s a risk that you could try and manip­ulate its financial reporting for your own benefit — he of course didn’t see it that way. He saw it as The Man trying to keep him down.Good luck with that.More inter­esting, Google reports that it wants to make it easier to find out share prices. I never really under­stood why stock exchanges had their results “delayed by 15 minutes”. I guess the Google folk never did either, so they’re working on getting legal clearance to avoid that issue.Good for them.Finally, another amusing article that has some spillover into the Day Job which talks about new hires. It continues to amuse me how many satirical parallels you can find between legal and accounting firms. In this case, some of the golden remarks are about the compla­cency of second year versus first year staff — how the latter are eager to make their mark, and the former get used to the routine and realize the highs and lows that come with what is, essen­tially, the realization that you have job security.I don’t know what makes you realize it first — going through your perfor­mance reviews the second time around — assuming things are going well — or receiving phone calls from recruiters?That’s a story for another day, though.Note: because of the nuance of the electornic publishing system running this site, I’ve had to hack the code a little to make HTML links to other sites stand out more easily — hopefully it worked out today. Step two wil be to go back to writing more inter­esting headlines for my posts — I gave up today because this post, although intended to be inter­esting as always, is a hodge podge of various things. Filed Under: Link-o-Rama […]

  • 3 Neil // Jan 14, 2007 at 3:06 pm

    Yeah, I guess I haven’t decided where I stand on that point. For the record, I think it should’ve been Oxley-Sarbanes. Good ol’ Ox-Sar!

  • 4 Krupo // Jan 15, 2007 at 12:04 am

    Of course, that would be abbrev’d to Oxar.

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