Mar 19th 2014
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If you subscribe to our daily newsletters you've noticed that a new voice has been chatting you up in recent days. Richard Koreto joined AccountingWEB last month as our new Managing Editor. We're lucky to have him as a part of our staff here and not just because Jason and I needed an extra set of hands! He has had an extensive career as a journalist, writer, and editor, including stints with the Journal of Accountancy and the New York Society of CPAs, so he brings a wealth of knowledge and an extensive network to the table.
We thought it'd be good for you to know him better, so I did this short interview with Richard over e-mail. Enjoy.
Okay, so you've been at AccountingWEB for about a month, is it everything you dreamed of and more?
Yes! What I particularly like is that we have a team approach here. Considering we're spread out all over the map, it says a lot for the company that the attitude is "how can we achieve this goal ... how can we solve this problem" rather than "this isn't my problem ... that's not my job."
How did you manage to build your career around accounting?
It was accidental! I very much wanted to get into magazine work and found myself at the Journal of Accountancy. I thought I'd learn about magazines and move to a more glamorous publication. I never did – because I never wanted to. I found accounting too interesting to want to move and have stayed in accounting and finance ever since. Maybe it's laziness: I've had friends in fashion magazines always desperately looking for a new angle in clothing or cosmetics. I never have to scrounge – there's always something new in tax or A&A around the corner.
What surprises you about this profession and the people in it?
I am surprised that there's always a surprise about the people. The sales tax expert who tweets on pop music. The CPA training firm that pioneered VOIP before the acronym existed. The CPA who gave up a comfortable job in the United States to go to Eastern Europe after the fall of the Iron Curtain to help them set up accounting systems for new market economies. The auditors who took a mathematical principal called Benford's Law and turned it into a powerful auditing tool. And the tax accountant who still laughs when telling the story about the client who kept insisting that somehow her daughter's wedding dress had to be tax deductible.
What can the readers from AccountingWEB expect to see from you in the coming months?
New expert sources to cover practice management, tax, wealth management, and more – as well as some of my own bylines. Mainly, I plan to give the readers what they want. I think our readers have a pretty good sense of what they'd like to see, and I pore over the site stats to see what's popular. In addition, I like to reach out to readers and hear what they have to say. My job is to find the most interesting, comprehensive, and relevant way to get our readers information on the topics that interest them.
Do you have any memorable/funny/slightly embarrassing stories from your past encounters with well-known people in the profession that you'd like to share?
When working at a small trade magazine for financial professionals, some colleagues and I managed to wrangle an interview with Arthur Levitt, the long-serving SEC chairman who had just retired. We knew that national publications and TV networks were clamoring for his time and felt grateful he'd give us a few moments in his new office. But he was right on time and came to get us in the reception area himself – he didn't send a secretary or assistant. After the interview he patiently posed for photos with us and chatted about our jobs and backgrounds. I've never forgotten that one of the most powerful and influential people I've ever interviewed was also one of the most down-to-earth.
What do you do for fun when you're not dissecting the world of accounting?
In my off-time I write as-yet unpublished historical fiction mysteries. My two most recent novels feature a veteran of Waterloo who keeps the peace in Regency-Era London and a suffragette who solves political-related murders in Edwardian England.
You'll be hearing more from Richard in our newsletters as well as in the Voice of the Editor blog. Feel free to offer him some well wishes, feedback, or home-brewing secrets (he's dabbling) that you may have. And please contact him if you have questions, story suggestions, or insight on any of the topics we cover here at AccountingWEB.