Comments on: The Accountants Strike Back http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html Mon, 13 Feb 2012 21:06:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Howard Giske http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3571 Howard Giske Sat, 26 Aug 2006 03:14:43 +0000 http://www.feld.com/wp/?p=1250#comment-3571 We'll KPMG had a few problems too, they just hung 4 guys out to dry. What was that? You left the tax money on the Isle of Man. How horrible. We’ll KPMG had a few problems too, they just hung 4 guys out to dry. What was that? You left the tax money on the Isle of Man. How horrible.

]]> By: Garett Wiley http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3570 Garett Wiley Tue, 22 Aug 2006 09:59:29 +0000 http://www.feld.com/wp/?p=1250#comment-3570 LOL! So accountants are now requiring that venture funds use the 422/409a valuation as the valuation for their LPs? I was expecting this but didn't think it would come this soon. It is a quite obvious, logical, and appropriate approach--like requiring people to use the tax assessed value of their house when calculating their net worth. I would say: "this might hurt, but it's good for you." LOL! So accountants are now requiring that venture funds use the 422/409a valuation as the valuation for their LPs? I was expecting this but didn’t think it would come this soon. It is a quite obvious, logical, and appropriate approach–like requiring people to use the tax assessed value of their house when calculating their net worth.

I would say: “this might hurt, but it’s good for you.”

]]> By: Gary http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3569 Gary Tue, 22 Aug 2006 03:11:23 +0000 http://www.feld.com/wp/?p=1250#comment-3569 Brad, everyone once in a while you write something that really makes me smile. Whats really fun for us in China is watching an accounting firm try to reconcile within its own shop the GAAP and CAAP discrepancies that they helped create in some instances. Hysterical. Good/Bad news is it is so damn hard to go public these days that we don't have to worry about the constipation on that end of the circus. Brad, everyone once in a while you write something that really makes me smile. Whats really fun for us in China is watching an accounting firm try to reconcile within its own shop the GAAP and CAAP discrepancies that they helped create in some instances. Hysterical. Good/Bad news is it is so damn hard to go public these days that we don’t have to worry about the constipation on that end of the circus.

]]> By: vinnie mirchandani http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3568 vinnie mirchandani Mon, 21 Aug 2006 22:24:05 +0000 http://www.feld.com/wp/?p=1250#comment-3568 their cousins the internal auditors are enjoying their own wave of SOX driven power burst...so good to see jokes like this one <a href="http://dealarchitect.typepad.com/deal_architect/2006/02/more_sox_humor.html" rel="nofollow">http://dealarchitect.typepad.com/deal_architect/2006/02/more_sox_humor.html</a> their cousins the internal auditors are enjoying their own wave of SOX driven power burst…so good to see jokes like this one

http://dealarchitect.typepad.com/deal_architect/2006/02/more_sox_humor.html

]]> By: Dennis Howlett http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3567 Dennis Howlett Mon, 21 Aug 2006 21:46:55 +0000 http://www.feld.com/wp/?p=1250#comment-3567 You are not alone. Well said - now come over to my place and run a search on KPMG. Try a search on ICAEW. Clicks the 'ethics' category. Take a look at Ken Frost. Ron - there are lots of other choices - how about kicking off with BDO? At least they're trying. And they bought 9K licences of SugarCRM so they must have something going for them. Oh yes - I am an accountant by trade. You are not alone.

Well said – now come over to my place and run a search on KPMG. Try a search on ICAEW. Clicks the ‘ethics’ category. Take a look at Ken Frost.

Ron – there are lots of other choices – how about kicking off with BDO? At least they’re trying. And they bought 9K licences of SugarCRM so they must have something going for them.

Oh yes – I am an accountant by trade.

]]> By: Dianne Wyss http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3566 Dianne Wyss Mon, 21 Aug 2006 16:48:24 +0000 http://www.feld.com/wp/?p=1250#comment-3566 Is there a new business paradigm in this dilema to provide a useful resource in accounting for small business? How about with the legal services as well? How many lawyers does one small business need? Corporate - Securities - Delaware Specialist - Tax or is this just wishful thinking...? Is there a new business paradigm in this dilema to provide a useful resource in accounting for small business? How about with the legal services as well? How many lawyers does one small business need? Corporate – Securities – Delaware Specialist – Tax
or is this just wishful thinking…?

]]> By: Berislav Lopac http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3565 Berislav Lopac Mon, 21 Aug 2006 15:30:03 +0000 http://www.feld.com/wp/?p=1250#comment-3565 <blockquote>cue "Imperial March"</blockquote> Wouldn't the "Accountancy Shanty" be more appropriate? ;)

cue “Imperial March”

Wouldn’t the “Accountancy Shanty” be more appropriate? ;)

]]> By: Ron Schmelzer http://www.feld.com/wp/archives/2006/08/the-accountants-strike-back.html/comment-page-1#comment-3564 Ron Schmelzer Mon, 21 Aug 2006 14:49:14 +0000 http://www.feld.com/wp/?p=1250#comment-3564 Why are entrepreneurs compelled at all to use the big four? Why should we even use big-four accounting firms? Are there really no other choices? Why are entrepreneurs compelled at all to use the big four? Why should we even use big-four accounting firms? Are there really no other choices?

]]>