Welcome to my blog
I have decided to do a little musing on what happens in the accounting profession and make fun of accountants as far as this is possible given their reputation, on which I have named this blog. As a Chartered Accountant for more than 50 years, I certainly have the credibility, surely a passable level of experience and hopefully a smattering of sagacity to make some lighthearted criticism.
If you have an accounting subject which you would like me to comment on, please let me know.
Florence Bret is the author of the drawings on this blog. You can find her on www.treizeaout.fr
Three different accounting uncertainties
Accountants adore uncertainty so much they have invented and defined at least three different official versions of it. I found the first one in the
Delaware is a material risk. Unbelievable!
Some US companies incorporated in Delaware, classify Delaware as a material risk. Company by-laws combined with Delaware law make life difficult for shareholders and potential
The pompous concept of the spectrum of inherent risk
IAS 315 [1] introduces the ‘concept of the spectrum of inherent risk’. I wondered what this rather noble, pompous concept could mean. I first thought
How can a dividend be a risk?
Most people believe that companies that pay dividends revel in financial health. Why then put fear into the hearts of shareholders with risk statements such
Weird profit benchmarks
I have been wondering for a while how auditors fix their materiality limits so I read eight audit reports of four large audit firms [1]
Emerging risks are imaginary So are unknown risks
AstraZeneca have an odd risk which they call “emerging risks.” They describe them as follows: “Emerging risks are ‘new’ risks that may challenge us in
Recent Posts
- Five ways accountants make me laugh (without meaning to)
- Ambitious sentences in the IASB mission statement.
- Tweaking forecasts
- A story about an unqualified CFO
- CFO Chief Fiddling Officer
- The most boring book in the world
- Three different accounting uncertainties
- Delaware is a material risk. Unbelievable!
- The pompous concept of the spectrum of inherent risk
- How can a dividend be a risk?