Sound Bites From Around The Profession - Potpourri

AccountingWEB presents our favorite funny, quirky quotes of the year to give you a good feeling for the debates and discussions that have gone on around the accounting profession in 2003.

Editors Note: These stories are archived, which will require you to be logged in to the site to access them. If you forgot your log-in information, click here and we’ll send it to you.

  1. "I have a problem with Walden Pond being turned into ‘Wal-Mart Pond.’ " Greg Butts, Arkansas state parks director, on his concern about a proposal in Massachusetts to solicit corporate sponsorship for state parks, landmarks and buildings to offset budget deficits. FULL STORY

  2. "Not sustainable over the long term," the conclusion of the Social Security Board of Trustees in a report on the Social Security program. FULL STORY

  3. "Stunning." Sen. Charles Grassley on the news that IRS employees are using computers for personal mail, reading news, listening to music and visiting other questionable sites. FULL STORY

  4. "Now we can go back to looking forward to opening our inboxes in the morning because we'll have notes from our friends rather than herbal supplements and mortgage offers," said Rep. Heather Wilson (R, N.M.), in discussing the bill passed by the House of Representatives to limit e-mail spam. FULL STORY

  5. "I'm surprised [Deloitte] reached that conclusion. We felt that the market was sending a clear message," PwC chief Samuel DiPiazza on Deloitte’s decision to keep its consulting practice in-house, instead of selling it off as all of the other Big Four firms had done. FULL STORY

  6. "The anxiety levels of this group are quite high," said Paul Napoli, executive vice president of U.S. Trust, on a report that wealthy investors are reluctant to invest. FULL STORY

  7. "Heads should roll," New York attorney General Eliot Spitzer on the SEC oversight - or lack thereof - of the mutual fund industry. FULL STORY

  8. "It's unprecedented, illogical, and extraordinary, and we see little chance it will withstand appeal," Noah Hanft, attorney for MasterCard, responding to a California judge’s order to refund hundreds of millions of dollars in fees generated from currency conversion charges that were not properly disclosed to customers. FULL STORY

  9. "We've had it with repurposeable, value-added knowledge capital and robust, leveragable mindshare," said Deloitte Consulting partner Brian Fugere in announcing "Bullfighter," a new tool to cut the, er, "jargon" out of business reports. FULL STORY

  10. "So what can you do with these?" Business 2.0 winner of the "Dumbest Moments in Business" was Midas Muffler who had a television ad featuring an elderly woman baring her chest off camera to a supposed Midas mechanic. FULL STORY
  11. "The charges for murder these days are less than for doing a bad audit." Louis Grassi, managing partner of Grassi & Co., a New York-based regional accounting firm, told the press that the company found a way to adapt to a wave of new regulations designed to clean up the industry: stop auditing public companies. FULL STORY
Tags 

Voice of the Editor

Results from a recent AICPA survey disclosed the two top priorities for CPA firms as they plan for the future: bringing in new business and finding talent. Our goal at Sift Media is to help our readers deal with the issues most important to them. One way in which we are doing this is through the launch of our new recruitment/placement service, Going Concern Jobs. Check it out today for your talent needs.
ADVERTISEMENT

This Week on AccountingWEB

Brian Fox, CPA, founder and CMO of Confirmation.com, explains how the company's electronic audit confirmation service helped the FBI uncover a $6 million fraud scheme.
Russ Wilson of Moss Adams talks with us about the firm's collaboration with WWU in educating and developing talented accounting and business professionals.
Plante Moran CPAs Gordon Krater, Alicia Sturtevant, and Susan Perline spoke with AccountingWEB about the firm's Women in Leadership initiative.
Jeff Thomson, CMA, president and CEO of the IMA, talks with us about the 2013 jobs market for accounting professionals.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT