April 2012

Guilty plea in corruption trial mentioned a year ago

Leave a Comment / Audits, Fraud /

In March 2011 I discussed a corruption case in the city next door to where I live.

The local newspaper reports that the mayor has pled guilty to accepting a $5,000 bribe from a local business.  From the Daily Bulletin: Ex-Upland mayor pleads guilty, the very short version of the story:

{The mayor} was accused of conspiracy, extortion and bribery offenses that led the business owners to pay $45,000 in bribes.

…

Guilty plea in corruption trial mentioned a year agoRead More »

Guilty plea in corruption trial mentioned a year ago Read More »

e-fax – Electronic facsimile services are really inexpensive

Leave a Comment / Other stuff /

(cross-posted from my other blog, Nonprofit Update.)

I changed my e-fax provider today.

If you hadn’t thought about it before, or were unaware, you can buy an electronic fax service that puts faxes into your inbox via email.  You can dump your fax machine.

Each time I change providers, I find out that the services have gone up and the cost has gone down.

This time around I learned it is a common feature to be able to send a fax from your email software.  Just enter the recipient’s fax number plus an extension as if it were an email address, add attachments, and hit send.  Your fax is on its way.  Cool.  Oh, toll-free numbers are now available for no extra charge.

Price?

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e-fax – Electronic facsimile services are really inexpensiveRead More »

e-fax – Electronic facsimile services are really inexpensive Read More »

Welcome to readers outside the U.S.

Leave a Comment / Other stuff /

While writing a post on my other blog, Outrun Change, about how much personal computers have changed in the last 30 years, I realized how many of the readers of my blogs are from outside the U.S.

On my two main blogs, Nonprofit Update and this one which Attestation Update, about 20% of the page views in the last 30 days have been from readers in other countries.

Welcome!

Not sure what that means for my writing, but I’ll keep that in mind.

Enjoy!

Welcome to readers outside the U.S. Read More »

Think of your future as a career lattice, not a career ladder

Leave a Comment / Other stuff /

Bill Sheridan, at CPA Success, highlights CPA Jody Padar in his post The ladder of success is a myth. It’s a lattice.

Ms. Padar says of careers:

It’s not necessarily a straight ladder up.  There’s lots of different paths you can take to get to pretty cool places.

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Think of your future as a career lattice, not a career ladderRead More »

Think of your future as a career lattice, not a career ladder Read More »

Range of U.S., Chinese, and Japanese regulators’ responses to fraud in today’s news – Olympus and Longtop

Leave a Comment / Accounting, Audits, Fraud /

Sometimes you get fun results when you look at two news articles side by side. Let’s look at the responses of securities regulators in the US, China, and Japan.  Hat tip to Going Concern for highlighting the articles.

Olympus fine

Japan’s securities market regulator proposed a fine of $2.5M against Olympus for conducting a $1.7 billion financial fraud that was spread over 13 years – Japan market watchdog recommends $2.5 million fine for Olympus.

Let’s put that proposed fine into perspective. All amounts will be in US dollars.

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Range of U.S., Chinese, and Japanese regulators’ responses to fraud in today’s news – Olympus and LongtopRead More »

Range of U.S., Chinese, and Japanese regulators’ responses to fraud in today’s news – Olympus and Longtop Read More »

Time to call the game on IFRS adoption and go home?

1 Comment / Accounting /

That’s the argument from Jim Peterson at Re:Balance in his post, Unification of Global Accounting Standards? It’s Time to Call Time.

He is responding to the three-post series from Tom Selling in The Accounting Onion that I summarized here.

Mr. Peterson thinks it’s time to call the game.

His reasons?

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Time to call the game on IFRS adoption and go home?Read More »

Time to call the game on IFRS adoption and go home? Read More »

10 invalid arguments in favor of IFRS

3 Comments / Accounting /

Professor Tom Selling provides presents 10 arguments provided by others who are in favor of IFRS and then explains why those arguments are incorrect.  Actually, he uses the word false.

He provides some background on how we got to this place and starts the discussion at 10 Claims in Support of IFRS Adoption by the SEC – and Why They are False (Part One of Three).

He continues the discussion in part two and part three.

His discussion is quite lengthy, so get a large, fresh cup of coffee or an extra-large soda and settle in for a long read. Even this recap will run quite long.

Here is his list with my extremely short paraphrase that won’t come close to doing justice. …

10 invalid arguments in favor of IFRSRead More »

10 invalid arguments in favor of IFRS Read More »

The price of free apps is not zero

Leave a Comment / Social media /

(cross-post from my other blog, Nonprofit Update.)

You may not hand over money for that cool app, but you might pay in other ways.

Like handing over personal information.  Or perhaps the personal information of your friends.

An article in the Wall Street Journal, Selling You on Facebook, reports on their research into the data obtained by a variety of Facebook apps. Many apps look for personal information, sometimes including your political or religious beliefs.

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The price of free apps is not zeroRead More »

The price of free apps is not zero Read More »

Three skills for living in a social media world

Leave a Comment / Pondering, Social media /

There will be three career fields in huge demand in the social media world. That is the idea Mark Schaefer presents in his blog, {grow}.

I discuss his post and my thoughts in my post Three Skills for Living in a Social Media World at my other blog, Outrun Change.

At an individual level, I think these three careers point to skills each of us need to develop if we wish to function in a world dominated by social media.  The career fields and individual skills are: …

Three skills for living in a social media worldRead More »

Three skills for living in a social media world Read More »

Arguments against IFRS adoption – 10 problems with claims in favor

1 Comment / Accounting /

Just a quick note for the large number of people landing on my blog today after searching for arguments against IFRS adoption – Be sure to visit Dr. Tom Sellings’ blog, The Accounting Onion. 

Three great posts that I plan to comment on later, but you might find valuable today. They were posted this week, so they  may not yet be sorting high on the search engines. Check out all three parts.

 Ten Claims in Support of IFRS Adoption by the SEC – and Why They are False

You will also want to visit Dr. David Albrecht’s blog, The Summa.

Some of my other posts are here, here, here, and here. Or use the search button on top right corner.

 

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