The short answer is no. Here is a story from the Associated Press that claims the FASB is going to “tackle the thorny question of accounting for leased equipment and property.” Excuse me? Have we just been ignoring leases until this point? Does any journalist do research any more? Lease accounting isn’t new, although itContinue reading “Does the media understand public accounting?”
Author Archives: Neil
Auditor laptop stolen, confidential data included
The auditor for Hotels.com is Ernst & Young, and one of their staff working on the audit had their laptop stolen from their car, compromising the credit card data of approximately 243,000 customers. These things will happen, but what I don’t understand is whether they’re just assuming whoever stole the laptop is going to beContinue reading “Auditor laptop stolen, confidential data included”
Broad base and low rates = recipe for tax fairness
The Tax Foundation‘s Tax Policy Blog has an interesting post concerning a report produced by something called the (US) Congressional Research Service. The report investigates the possibility of a flat tax in simplifying the tax code and concludes that the existence of a progressive system isn’t what is making things complicated at all. I’ve alreadyContinue reading “Broad base and low rates = recipe for tax fairness”
Delving into union contracts
I spent the better part of today and yesterday auditing a client’s payroll system. They have recently switched to a new system and the difference between old and new is dramatic. The reports are easier to read and understand, the font is easier on the eyes and brain, and the electronic interface is prettier too.Continue reading “Delving into union contracts”
Mapping out my clients after a year in public practice
I have been playing around with Windows Live Local lately, Microsoft’s competition for Google Maps. I decided to map all the clients where I’ve been in the last year with my firm. For the blue ones I just had to search for the business name, but the red ones represent clients that I had toContinue reading “Mapping out my clients after a year in public practice”