Joel M. Ungar is a CPA and CFE and a lifelong resident of the Detroit area. He is a principal with Silberstein Ungar, PLLC, a Top 25 auditor of SEC public reporting companies. The Firm also specializes in the franchising, broker-dealer and restaurant industries. Joel primarily writes about issues--accounting, auditing, clients, practice management and more, often infused with his own sense of humor.
03/10/2010 - 10:32 - 149 reads
I previously wrote how income statement formats vary not just between industries but within industries. I find this frustrating - why shouldn't say five different widget manufacturers that are essentially identical in their operations have identical income statement formats? Or are five different ones superior to each other? I know from experience that this drives potential acquirers positive
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03/01/2010 - 19:15 - 247 reads -
I previously wrote about my general aggravation with auditing standards and found the flurry of comments to be very enlightening.
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02/22/2010 - 11:48 - 434 reads
I don't know the percentage, but I'd guess at least 80% (probably 90%) of business have income statements that make no sense. These are the kind of income statements I see:
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02/17/2010 - 09:05 - 199 reads
I have been on the Bloggers Crew now for about a week and a half, and am very pleased that people are reading my posts. Perhaps it would be a good idea to let you know a little bit more about me.
Prior to starting my Firm, my career looked something like this:
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02/16/2010 - 12:54 - 199 reads
At my Firm, we focus on a few niches - SEC auditing, franchisors/franchisees, broker/dealers and increasingly restaurant groups. But we still do lots of work that doesn't fall in any of those niches.
Which made an experience I had yesterday make me think about this.
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