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Audit Trail defines “serious chutzpah”

Aug 14th

Though we try to stay independent when it comes to making judgments on things like chutzpah, we concur with Audit Trail’s opinion:

Whoo boy. CNBC has some pretty disheartening video up this week that illustrates the findings of a recent GAO report that found some 1500 instances of people collecting Social Security disability benefits while continuing work – and not just in any old job, but in the public sector. Not that the working while collecting disability benefits isn’t hugely problematic on its own, but doing so while working for, say, TSA? Wow, that takes some serious chutzpah.

[Read more at Audit Trail]

My what large cojones you have

Fair Value Shmair Value

Aug 5th

Posted by admin in convergence

2 comments

Does anyone care about fair value anymore? Going Concern asks the tough question.

What It’s REALLY Like To Be a CA Or, Alternatively: “A Day in the Life of a Chartered Accountant…”

Jul 21st

Posted by admin in Chartered Accountants

2 comments

Last Year’s File tells us all about the exciting world of Chartered Accountancy:

Aside from what it isn’t, be wary of people who seem too eager to describe a “typical” CA life. I’m talking about the people who already know what they want out of the profession and the unfortunate subset of those, who’ve let other people decide for them. These people can be tricky to deal with, only because they have bought into a single way of looking at things. Their attitudes won’t necessarily be wrong. They just may not be what you’re after. And when you aren’t even sure what you want, buying into someone else’s “idea” of the way things are supposed to go can lead to problems down the road. I know CA’s who want to leave the profession and do humanitarian work in South Africa; I wouldn’t consider that typical. But there will always be people who want to make partner, have 2.5 kids and live in the suburbs. It’s personal preference really. Keep that in mind if you’re ever talking to someone who’s projecting their idea of a “CA life” on you.

The lesson? Your profession is only as good as the low expectations you go into it with.