God forbid you end up in a work environment that more resembles Hell than a place of business, but just in case you've found yourself in the corporate equivalent of the Ninth Circle, Dumb Little Man has some great suggestions for surviving.
Go check their post for the entire list, but here are a few of the key take aways:
- Don't get too worked up over criticism -- Remember, it's easy for someone to find something wrong with your work. If you take it personally or decide you're going to push -- nay, SHOVE -- back on boss or co-worker, you might be making a bigger problem for yourself. DLM suggests to take it in stride and move on.
- Hustle -- Sometimes showing a little extra initiative goes a long way. No need to show off, but pitching here and there where you might not be expected may win you some brownie points.
- Dish out some praise -- Regardless of how you feel about your ghoulish officemates, you should be able to find something that he or she does well. They may have handled a difficult client well or wrote an enlightening memo, but giving credit where credit is due will smooth over any past differences.
Remember, working in difficult situations can be great teaching moments, but there are right ways and wrong ways to approach them. Of course if you've exhausted all your goodwill, it may be time to move on.
Back in October, it was reported that EY planned to settle with Lehman Bros investors, subject to court approval (EY's denial notwithstanding):
Ernst & Young LLP has agreed to pay $99 million to settle investor class-action allegations that it turned a blind eye when its audit client Lehman Brothers Holdings Inc. misled investors before the investment bank's 2008 collapse. The investors and Ernst "have reached an agreement in principle" to settle the litigation, the accounting firm and plaintiffs' attorneys both said. The two sides are in the process of drafting a formal settlement agreement, plaintiffs' attorneys said in a letter filed Wednesday in U.S. District Court in Manhattan. The settlement, which was reported this week by legal publications, will be subject to court approval.
As of last Friday, the deal is still on and still needs court approval, the only difference being an actual court filing exists versus the lawyerly pinky swear in place previously. As for an actual admission of guilt from EY, don't bet on it:
Ernst & Young LLP agreed to pay investors $99 million to settle litigation over its auditing of the bankrupt Lehman Brothers Holdings Inc., according to a filing in federal court in Manhattan.
The accord, disclosed by plaintiffs’ lawyers in a filing yesterday in federal court in Manhattan, would resolve claims of investors who bought certain securities issued by the firm from June 12, 2007, to Sept. 15, 2008, the date Lehman filed for bankruptcy, according to the filing. It requires the approval of U.S. District Judge Lewis A. Kaplan.
Though EY previously denied "all liability" in this matter and "chose to settle this claim to put this matter behind" them, it sounds like they're not only still in denial but a little bitter at that:
“Lehman’s audited financial statements clearly portrayed Lehman as what it was -- a highly leveraged entity operating in a risky and volatile industry,” [EY spokesperson Amy Call Well] said in an email to Bloomberg. “Lehman’s bankruptcy was not caused by any accounting issues.”
Amy Call Well? Are you guys kidding me?! That can't be real.
Anyhoo, don't hold your breath for anything in this case, really, least of all an admission of guilt from EY.
This just in and developing, we will keep you posted:
BREAKING: Former Madoff CFO says Madoff Securities forged documents during KPMG audit and cooled newly-printed documents in refrigerator.
— CNBC (@CNBC) December 2, 2013
No, really, that's actually what the paper says.
What factors explain the behaviors of corporate leaders who engage in spectacular frauds? Is it greed? Is it power? Are these leaders, as some critics allege, simply psychopaths? Or is something else going on? In this Essay created for a symposium on the “agency problem,” Professor Barnard explores the greed, power, and psychopathy theories. She also suggests that a hormonal phenomenon – an overabundance of testosterone – may explain these men’s behavior. In many animal populations, success in competition leads to an elevation of testosterone. Repeated successes – accompanied by increasing levels of testosterone – often lead to rash, ill-considered, and dangerously risky behaviors. Animal biologists call this progression “the winner effect.” Barnard suggests that a similar progression may be seen in human competitors, both in athletic environments (think Lance Armstrong) and in business environments (think Jeff Skilling, Richard Scrushy, and Rajat Gupta). She concludes that some agency problems may be physiologically driven.
Surely the temptation of men in power to abuse said power has nothing to do with their access to aforementioned power. No, no, it has to be a raging flood of testosterone pressuring them to "compete," even at the expense of their freedom.
The paper seeks to answer the age-old question: what compels an otherwise reasonable person in a position of power to behave in an unreasonable way?
One would think that those men and women privileged to work at the highest levels of the economic pyramid, as corporate chief executives, would treat their work as a profound gift. After all, the work of a senior executive, unlike the work of most people in the world, is not boring, humiliating, or physically punishing. It is stimulating, empowering, and financially rewarding. Some people spend their entire careers longing for—and jousting for—the position of CEO. So why do some of the elite executives who have won their respective tournaments debase their work—and themselves—by squandering their gift?
This Essay offers four possible explanations: (1) the obstinacy of self-interest, (2) the influence of power on one’s inclination to take risks, (3) the often toxic feedback loop of organizational and financial success, and (4) some form of mental derangement.
Though the paper briefly mentions well-known bad guys such as Dick Fuld of Lehman Brothers and Jon Corzine of MF Global, it focuses instead on lesser-known Russell Wasendorf Sr., former CEO of Peregrine Financial Group; Lee B. Farkas, former CEO of the mortgage firm Taylor Bean & Whitaker; Albert “Jack” Stanley, former chairman and CEO of KBR Inc.; Gilbert Fiorentino, former group CEO of Systemax, Inc.; and Jeffery S. Fraser, former CEO of NIC, Inc.
As endless as the jokes about balls could be here, this is actually a good read and you should check it out if you're interested in fraud, CEOs gone wild, and the animal urges at the heart of everything we as human beings do.
Shirking, Opportunism, Self-Delusion and More: The Agency Problem Lives On appeared in the Wake Forest Law Review, Vol. 48, 2013 and is available for download at SSRN.
Literally, clowns. What did you expect?
GUYS, we get it, it's the Monday after a holiday and no one wants to work that hard. But really with this?
The American Institute of CPAs will announce the results of its CPA Outlook Index (CPAOI), an indicator of how chief financial officers, controllers and other senior CPA business leaders view the U.S. economy, at 7:00 a.m. EST, Thursday, Dec. 5.
The survey, which will be posted on the AICPA Press Center, incorporates responses from 1,118 senior-level CPAs on future hiring plans, growth in marketing and training and anticipated fluctuations in different categories of business spending. Survey takers also answered questions on the outlook for their companies in the coming year, as well as the U.S. economy as a whole.
Jim Morrison, CPA, CGMA chief financial officer of Teknor Apex and chair of AICPA’s Business & Industry Executive Committee, will be available for press inquiries.
The poll was conducted via email questionnaire from Nov. 6 - Nov. 25. The quarterly CPAOI measures the views of CPAs serving in business and industry who are closest to the finances of their companies and hold well-informed, sophisticated views of the economy.
Hopefully one of my cats will start howling like a demon through the house for absolutely no reason no later than 5am on Thursday so I won't miss the timely release of this undoubtedly life-changing information.
Accounting News Roundup: Every Firm Could Use a Pit Bull; Carried Interest's Beneficial Tax Treatment Lives On; A Ballsy Move | 12.02.13
Capital Buzz: An accountant with a pit bull on staff [WaPo]
Yes, Stephanie Gibney, owner of Accounting 4 DC, has a pit bull named Nino as her official receptionist, but it sounds like Gibney has a little bit of pit bull in herself: "[Q:] What do you hate to see the most from your clients when they ask you to do their taxes? [A:] Receipts in shoe boxes. We are open year round, so why would you save these for the last minute?"
SEC drops disclosure of corporate political spending from its priority list [WaPo]
This sounds about right: "Last year around this time, when the SEC released its 2013 to-do list, it signaled that it might consider formally proposing a rule to require the spending disclosures. But the item slipped off the 2014 agenda released this past week without any formal explanation."
Convicted heroin dealer told to pay 80,000 euros in tax on drugs business [Telegraph]
He even after French fiscal authorities deducted "2,000 euros per year of 'travel expenses' for use of his car to carry the drugs, as well as a daily amount of heroine he 'personally' used." And here in the U.S., as Robert Wood pointed out, marijuana dispensaries can't deduct rent (or anything else aside from cost of goods sold).
Since ’12 election, drive to end tax loophole fizzled out [BG]
Benefactors of carried interest being treated like capital gains know how this game is played: "Since 2000, private equity, hedge fund, and venture capital managers have spent a combined $352 million on federal elections, fairly evenly split between the parties, 53 percent for Republicans and 47 percent for Democrats, according to the Center for Responsive Politics.”
Meet Amazon Prime Air, A Delivery-By-Aerial-Drone Project [Forbes]
It's as creepy as it sounds.
This Man's Nuts: Plan To Sell Testicle For New Car Is Taxable [Forbes]
A Nissan 370Z. A Nissan.
Swedish prisoner escapes to visit dentist [The Local]
The 51-year-old man had an inflamed tooth removed and then he reported himself to police. His one month sentence was extended by a single day.
Last year, we covered ten things for which the profession should be thankful ahead of Thanksgiving. Here are ten more because gosh darnit, we need to express gratitude every now and then in the middle of all the complaining that goes on here.
Scott London isn't thankful for himself but let's be honest about it, he sure makes other auditors look like superstars. No matter how sub-par your work is, you will always be better than Scott London.
They say whatever you do on New Years Day, you do for the rest of the year. For accountants, it's whatever you do on December 31st that makes your entire year. Getting hassled by the girlfriend to jump the broom? You've got allllll year to put it off and can still file as married filing jointly as long as you get it done by the end of the year!
*note: does not apply to auditors out on year-end inventory counts
Dual Monitors (still cool)
We included dual monitors last year and we're including them again because DUAL MONITORS, man. This guy from Moss Adams is a fan. Sadly, Moss Adams was not a fan of us posting this picture as they removed it from Facebook shortly after we posted it here. Gee, why would that be?
Yeah, it's really awkward but hugs are good. And good for you!
Whether it's water bottles you'll never use at a conference or donuts in the break room, accountants loooooove free stuff. Even if you already have 100 pens, getting FREE PENS is like Christmas.
Best of lists
Even though we mock awful Yahoo articles about how great the accounting profession is on a regular basis, it feels kind of nice to be on top, don't it? You may not love your job but you have to admit you get the feels a little to know you come up higher on "best jobs" lists than grave diggers and transit employees. WOO!!
Maybe Big 4 HR and marketing departments are to blame for this but there is something wonderful about being able to brag about how much better your firm is than other firms even though all firms are -- let's be real about it -- pretty much exactly the same. This attitude is drilled into your heads while you're still in college and follows you throughout your career until you're old enough not to care, at which point you're busy competing with your neighbors for best lawn and hottest wife. Hey, whatever makes you feel better...
Lack of major audit failures
You guys! The profession made it through another year without losing a major firm, and that's worth celebrating. Even though EY absorbed KPMG in Denmark, there are still four Big 4 firms. What would happen if we lost one of them? Not gonna happen.
Jim Turley may have moved on from the Big 4 life but he and his square jaw are still going strong. There is only one Jim Turley and that's another thing to be thankful for, as the world just can't handle more than that at any given time.
The fact that you didn't go to law school
I don't need to explain this.
As you've gathered by now, I'm far more "hands on" than Colin ever could be, maybe because I never learned to respect others' personal space and he's just, well, anti-social. In the spirit of my need to constantly check in with all of you because I care, before we get into this special holiday edition of Open Items (if you haven't gathered yet, we're getting the heck out of here early today and will not return until Monday), I have a few items of my own to put out there.
First: I am working on a list of the "worst" items you auditors have had to count at year-end. Fittingly, I plan to post this -- wait for it -- near year-end. So there is still time for you to weigh in. So far, I've determined that just about everyone knows someone who knows someone who had to count animal semen so I'm counting that one as an auditor urban legend unless someone gives me some real documentation/proof otherwise (although I'm sure I will regret asking for it). Jump into the conversation on Reddit or Facebook, and for the shy folk, you can always email in your inventory nightmares anonymously through the tip box.
Second: There was some hostility in the comments this week and by hostility I mean immature dick measuring contests. I remind you all that A) this is the Internet and B) this is the accounting section of the Internet so put it back into your pants and please take that elsewhere. Personal attacks are not only lame but uncalled for. Remember when you guys are complaining about our lack of a forum this right here is why we can't have nice things. Until I have time to draft an official comment policy for GC (and yes, it's coming), know that mommy doesn't have time to babysit children who are supposed to be professional adults. We should all have a good time here but let's watch it with the personal attacks, this isn't Yahoo.
Lastly, things are still a little crazy around here what with me trying to fire Colin the second he promoted me and all that comes with that reorganization, plus the holiday and none of you embezzling millions from clients but I'll say one more time: my door is always open.
Going into this holiday, obviously don't expect to hear much from us but if you need to dodge awkward interactions with your family and the like, know we are always with you in spirit. And possibly on Twitter.
Now, go ahead and get busy in the comments and feel free to air your concerns and worries -- no matter how small -- and any questions you may have for your fellow capital market servants. Happy Thanksgiving!
Accounting News Roundup: Nightmare Travel; The Homer Simpson Effect on the Net Investment Income Tax; Settling a Tax Bill with Singles | 11.27.13
Wall of storms threatens to upend holiday travel [AP]
Thankfully, I just flew in from Boston last night, but boy, my arms are tired: "More than 43 million people are to travel over the long holiday weekend, according to AAA. The overwhelming majority — about 39 million people — will be on the roads. But more than 3 million people are expected to filter through airports, and the weather could snarl takeoffs and landings at some of the busiest hubs on the East Coast, including New York, Washington, D.C., Philadelphia, Boston and Charlotte, N.C."
IRS Issues Final Net Investment Income Tax Regulations: A First Look And More [Forbes]
Tony Nitti's plans for snoozing on the couch tomorrow have been ruined! "I’d like to issue a heartfelt thank you to the IRS for issuing these regulations today. Until 4:00 PM this afternoon, all I had on my docket for the next five days was parking myself on the couch and repeatedly eating myself into a tryptophan-induced coma. But then the IRS decides to publish 400 pages of regulations, and because my employer pays me to read and (hopefully) understand stuff like this, there goes the holiday." Of course, he does explain why Section 1411's 400 pages are overkill -- using a parallel to The Simpsons and concludes: "The final regulations, in an attempt to address countless concerns voiced by a multitude of commenters, seem to have thrown in so many new caveats, exceptions, and exceptions to exceptions so as to lose any user-friendly characteristic that was evident in the proposed regulations."
Brazil Is Entranced by a Tale of Love, Taxes and Bribery [NYT]
Here's a common luxurious setting with an unlikely protagonist: "There were the boxes of Cuban cigars, which cost about $500 each at a shop in Vila Nova Conceição, one of the most exclusive districts of São Paulo, and the $2,260 bottles of Vega Sicilia Único, a legendary Spanish red. Throw in a Porsche Cayenne, speedboat jaunts to tropical islands and all-night soirees with high-end escorts, and what do you get? The unlikely lifestyle of a Brazilian tax inspector."
And 44 pennies! Pentagon’s bosses thwart accurate audit of DOD’s main accounting office [MWB]
Nothing to see here. New York's Penn Station Is a Goddamn Nightmare Right Now [Gawker] Happy Thanksgiving.
Footnotes: The Last Thing the SEC Needs Is Sexy; Soccer Mom Madam's Accountant Tells All; Oh, Cow Farts! | 11.26.13
There are questions about telecom provider BT's accounting practices [Telegraph UK]
"Soccer Mom Madam" accountant pulled a Sam Antar and will not be going to jail for his part in the madam's, er, activities [NY Daily News]
Maybe you heard that the IRS plans to crack down on tax-exempt groups' political activity. Here's one take on it [Center for Competitive Politics]
So the GOP candidate for governor in Ohio owes the IRS, and he hasn't been hearing the end of it from Democratic opponents. The part that sucks is now it's revealed the Dems' lieutenant governor pick also owes the IRS... and the state, too. Awkward [The Columbus Dispatch]
A Tale of Love, Taxes and Bribery Entrances Brazil [NYT]
Hey, Greg Kyte, you better talk to your heroin dealer in the Congo and give him a heads up [Al Jazeera English]
A money market manager in Detroit learned from the SEC that being "consistently different" is a bad thing [FOX Business]
PwC Calls for New Approach to Valuations [Compliance Week]
Ok, the hed "Accounting Fraud Gets Sexy at the SEC" would be clever were it not for that porn-watching scandal that time, guys [CFO.com]
While you're stuffing your face with turkey on Thursday, some folks from Deloitte will be facing the Canadian government Officials from one of Canada’s largest accounting firms will appear at the Senate Internal Economy Committee on Thursday to answer questions about extraordinary communications one of its senior partners had with the head of the Conservative Party’s fundraising arm during an investigation into $90,000 worth of Senate expense claims by Senator Mike Duffy. Deloitte, which is one of the federal government’s main accounting contractors and is also the auditor of the Conservative Party of Canada, was retained by the Senate last February as an inquiry widened into the housing and travel expenses of four Senators, including Sen. Duffy. [The Hill Times]
COW FARTS are ruining the world [The Register]
Cornell Batie, CFO at Mack Avenue Records, as he appeared in Hour Detroit's 2013 Best Dressed List:
I'm pretty sure I made better gradient circles in CorelDRAW 6 when I was working at a sign shop in high school but that's just me.
And by "small" I mean $12.8 million.
The Public Company Accounting Oversight Board today approved its 2014 fiscal-year budget of approximately $258.4 million and its 2013-2017 strategic plan.
The budget is $12.8 million, or 5 percent, above the Board's 2013 budget of $245.6 million.
The Board also approved its strategic plan for 2013-2017 to serve as the foundation for the 2014 budget, and to guide the PCAOB's programs and operations.
"We are happy to say that we made substantial progress on the six near-term priorities we outlined this time last year. For the 2013-2017 plan approved today, we added new objectives and strategies relating to these priorities," said PCAOB Chairman James R. Doty.
"The $258 million budget supports the strategic plan, and properly reflects the Board's funding needs to maintain quality programs, effective oversight, and dedicated people as we seek to fulfill the Board's investor protection mission," Chairman Doty said.
The budget still needs to approved by the SEC but we can't see why they'd diss the PCAOB like that, it's totes money well spent.
Dr. Emelee is a former Big 4 employee in the process of obtaining his own PhD. In this article, first published on Going Concern earlier this fall, he explains what it takes to get onto a PhD program.
There are around 90 accounting PhD granting universities in the U.S. Some admit every other year, and some have annual admissions of only two or three people. Of course, some programs admit many more. Schools get many more applications than they have spots for so this does two things: 1) makes it hard to get in and 2) makes the job pay well when you get out.
I’ve heard of a few schools that prefer people with professional accounting experience, but from the inside it looks to me like a shiny GMAT will beat out someone with a few years of public almost every time. If you are a public accounting person, I think it’s a good idea to try and get one recommendation letter from a senior manager or a partner. The other two recommendation letters should definitely be from professors, and make these profs with the highest number of quality publications and not necessarily the ones you liked the best. Name recognition can go a long way here.
Applicants normally have to apply to both the graduate school AND the accounting program. Often, the application deadlines for these two groups are different, so make sure you check on that. Also, I found that half of the schools I applied to lost something I sent to them. Their efficiency wasn’t that great to be honest so make sure you follow up with them if you don’t hear back. I had to call to check my application had been received and after the school initially saying it had been lost, they then found it once I made them look for it.
Cs don't get PhDs and overachieve
The admissions committee usually sorts people based on GMAT score and undergraduate GPA. Some schools require master’s coursework but most don’t. Even schools that require a master’s degree will weigh the undergrad GPA more heavily since there is more variation in undergrad GPA’s compared to master’s GPA’s. I got the sense when talking to admissions people that they think B’s are handed out in grad school but had to actually be earned at the undergraduate level.
If you’re reading this and you’re still an undergraduate, take some extra math classes. A lot of schools say that having enough calculus to understand integration and differentiation is a prerequisite for admission to the program. Some schools additionally require both linear algebra and multivariate calculus.
If you already have a bachelor’s degree, I don’t think it’s a bad idea to take an MBA statistics course before you apply to a program. This will give you a small taste of what you’re getting into and will also show some initiative. This is no substitute for a shiny GMAT score, but it can help if you’re on the margin.
Remember it’s about research
Get a sense of what type of research you want to do (analytical vs. experimental/behavioral vs. archival, etc.) before you apply to a school. Read some academic research to see if anything speaks to you. Some schools are almost exclusively one area or the other and you don’t want to get into a PhD program that trains you to do research in an area you don’t like.
Connected to the above, read a few papers from each professor at schools you will apply to. See if you would want to study the same types of things as anyone there. If not, then working on your dissertation for two or three years will be extremely painful even if you get accepted.
I didn’t do this when I applied, but I know someone that actually mentioned specific professors he wanted to work with in his statement of purpose (this is the letter you write with your admissions packet). I can see it being a good thing because it at least shows that you know what people at the school work on and it’s not a blanket letter. But it might not be so great when none of those professors work on the admissions committee, unless they are particularly generous souls. Maybe department admins would even tell you who is on the committee if you call, but I’m not sure if they would give that info out or even know.
You probably think that accounting has no room for creativity. Or that pairing the words “creative” and “accounting” is a nice euphemism for egregious fraud.
And you might be right! However, there’s always more room for the right brain in your life and the Daily Muse has five ways that can help tap into that creative side, even if you’re swamped in spreadsheets all day.
1. Take a notebook everywhere -- There’s inspiration all around us, so putting words to paper will help you remember sights, sounds, and visual stimulation that you encounter throughout your day
2. Make your everyday environment creative -- Those grey cubicle walls could use some life.
3. Make time for creativity -- If you want something to be a priority, you have to make it a priority. This doesn’t have to exclusively be at work or home, but making the point to set aside a block of time -- even as little as 15 minutes! -- will get in a routine of fostering creativity.
4. Break up your routine -- Everything bagel with cream cheese, amirite? Stimulate your brain by driving/walking/riding a new route and from work, try a new place for lunch, or get some different beats in your headphones. Even little changes will help limber up your brain.
5. No “no” -- The author Stephanie Ormston gives a great example:
One of the first things I was taught in my basic improv class was to never say no. For example, say your scene partner comes onstage and says, “Wow, it sure is hot on the planet Mars.” If you say, “No, we’re on Earth,” you’ve just killed the entire scene. Instead, you should try something like, “Yeah, and it doesn’t help that we’re dressed like Eskimos.” The only way to further the scene, and further the plot, is to build off of what your partner has given you.
Likewise, you might be offered an assignment that you’re just not interested in. Rather than pawn it off on your staff, tackle it yourself and see if you can find a better way of doing it. You may surprise yourself and impress your boss!
Creativity comes hard in accounting, but opportunities pop up every day. Use these tips to keep your right brain engaged.
5 Ways to Be More Creative (in a Non-Creative Job) [Daily Muse]
Accounting News Roundup: Life at Deloitte Includes Asking About Billing on Thanksgiving; PwC Hunting Buckeyes; The Fruits of Tax Lobbying | 11.26.13
Accountant in Soccer Mom Madam case pleads guilty to promoting prostitution [NYDN]
Jonas Gayer avoids jail in his plea agreement.
PCAOB Approves 2014 Budget and 2013-2017 Strategic Plan [PCAOB]
The $258.4 million 2014 budget rose 5% from the 2013 budget.
My friend: will we see you this Thanksgiving or you will be working? Me: We balance btn clients and family! My friend: I envy you! Me: :)— Life at Deloitte (@lifeatdeloitte) November 26, 2013
The PricewaterhouseCoopers recruiting team is in Columbus today.
Want to talk 1 on 1 with a PwC recruiter? Office hours on Tuesday from 9am - 2pm for @FisherOSU students - contact recruiter for details!— PwC US Careers (@PwC_US_Careers) November 26, 2013 Tax writers debate what breaks should be saved [The Hill]All that hard lobbying begins has paid off! Footrace Between Drunk Bears Fans Ends Exactly As It Should [Deadspin]This is perfect.
Ed. note: Forgive the short Footnotes today, it's been a long day and there's not much going on, plus it's half a week this week (yes, we will be out after noon on Wednesday and will not see you again until Monday so plan accordingly). We're on Twitter so @ us and you can always get us on email so just reach out if you need us, especially if you're sitting at dinner with your family you hate and need a distraction, I'll be happy to send you funny cat photos to get you through.
U.S. judge won't void ex-Rite Aid exec Franklin Brown's accounting scandal convictions [Penn Live]
Let's all join in a moment of silence for a Bethesda homemaker and former accountant who died today at the ripe old age of 101 [WaPo]
Russell Simmons said Obamacare has saved millions of lives [ATR]
Did a CPA save Apple's ass? [AppleInsider]
For beleaguered IRS, a crucial test still awaits after troubled rollout of health-care law [WaPo]
There's some drama with Qualcomm and China (is Qualcomm still around even?) [BB]
Healthcare.gov has a way to go PEOPLE, don't expect it to be perfect by Dec 1 [The Hill]
Listen, I think we're all still a little traumatized by the last farewell email posted on this website, so while the following farewell can't hold a candle to that one (I am hoping we never receive a farewell email of that caliber ever again, really), we're posting this one for two reasons. First, MEMES. Second, we all need a reminder to keep it light, professional, and fun just in case you ever run into anyone you worked with, or ever want to work anywhere again for that matter.
Bonus points to Bethany for the custom memes as well as her professionalism on the way out the door. Take note, children.
Well folks. Some thought the day would never come. Often, that included me. But as you all knew within 3 ½ minutes of the news becoming public (God bless that grapevine of ours it is impressive), I’m flying the coop.
If one thing has kept me up late at night for the last 2 weeks since accepting an offer to go be the Accounting Manager at [place that isn't Deloitte], it’s the fact that [some other guy in the office] and I were quitting on the same day, and that meant the bar for farewell emails was going to be set wickedly high by a hilarious custom Audit Comic.
Now, this might come as a shock, but,
Right?! No joke. I was blown away when I found out, too.
Now, I have to say my departure is a little bittersweet. That is, bitter for you, sweet for me.
Okay, I kid. The bitter in it for me is that being surrounded by you people (yes, “you people”) for the last 4 years has been awesome. About 99.9% of the time it made everything else worth it. Because y’all are just that great. I’ve made lifelong friendships and a metric shit ton of really awesome memories. I’ve also grown professionally in ways I’m probably not able to even measure yet in my career. And that basket of life-changing experiences has all led me down my career/life-path to where I now head off to today. The bar.
Senior Executive Head Chiefton of All That Is Audit Awesome
I kinda wish I could be the PR person at Wake Forest, it has to be super easy to write what is essentially the same exact press release year after year after year.
The following comes as a shock to absolutely no one, though it's probably salt in the wound of that one guy who failed BEC a few years back, as we imagine he is still beating himself up over that (though, really, he should still be flogging himself for sending me the email he did). Anyhoo, without further ado, a little Wake Forest self back-patting:
Students in the Master of Science in Accountancy (MSA) program at the Wake Forest University School of Business achieved the top pass rate in the nation among all universities that offer graduate or undergraduate programs in accounting on the Certified Public Accountant exam once again, according to the 2013 edition of Uniform CPA Examination Candidate Performance.
Wake Forest had the highest pass rate for universities with accounting programs among 791 institutions with ten or more candidates sitting for the exam, as well as the #1 pass rate for large programs (a total of 255 institutions with more than 60 candidates.)
Wake Forest students have earned the top ranking eleven times since the School began offering a Master of Science in Accountancy (MSA) degree in 1997, more than any other university during the same time period.
I especially like how they didn't let that be enough, though.
According to Jack Wilkerson, Senior Associate Dean, Accountancy Programs, "'Performance-ready' is one of the shorthand expressions we use to describe where we want our students to be as they're finishing their academic work in the School of Business. The sustained outstanding performance of our accounting students on the CPA Exam is one clear indicator that our accounting graduates are in fact leaving Wake Forest performance-ready."
Additionally, the 2013 edition of Public Accounting Report places the School's undergraduate and graduate accounting programs in the top 20 overall and in the top 10 among midsized accounting programs.
Traditionally, 100% of Wake Forest's MSA graduates have accepted job offers prior to graduation, with many students receiving multiple offers.
Performance-ready is the most polite way to say "we're better than you" I think I've ever read.
Congrats again, Wake Forest! See you next year for the same press release.