I'll make you a deal, bankers. We're not going to talk about your involvement in setting accounting standards until you've paid back all of the $1T+ you've borrowed and been self-sufficient for 3 years. It seems to me that it makes a heck of a lot more sense for accountants to be writing loan underwriting criteria than it does for bankers to be writing accounting standards.
- Brian Tankersley
Dennis has another scoop here - reminding us that we need to do some security due diligence before selecting applications. While many SaaS vendors "get it" with respect to security, some don't, and we need to remain vigilant.
- Brian Tankersley
alillyjohnson: RT@ virtualcfo Blaming mark to market for the credit meltdown is like blaming the smoke detector for the fire -Russell Madray. CPE speaker - http://twitter.com/alillyj...
Sounds like a shakedown to me, especially when the CEO salaries are capped and the government requires "options" so they can share in the stock price growth.
- Brian Tankersley
This is why nobody wants to work in Governmental auditing. Everything you do is in the newspaper, and you don't get the benefits or the pay to justify the frustration. Add that to the lack of understanding most political reporters have of GAGAS and GAAP, and it's pretty hard to survive very long. Look at Rodefer Moss - it's a firm with lots of integrity, yet the commission is throwing away their application for this review. If we threw lawyers out the way politicians throw CPA firms out, there would be no lawyers. Have we considered that if we can't find anyone qualified to review something that maybe there's something wrong that nobody wants to look at it?
- Brian Tankersley
Let's not count out a nasty recession. They've still got plenty of time to mess things up in Washington, DC, and I'm not exactly hearing lots of excitement from small business people about the direction of government.... but I could be mistaken.
- Brian Tankersley