Accounting at the Federal Reserve: the WTF to Beat all Previous WTFs


Copperfield for Fed Chair 2010!



In traveling around the great wide Intarwebz chasing around the CPAs (since that's my job and all), I found the greatest, most enlightening document evar.

And I thought government accounting was confusing! No, dude, you haven't seen Federal Reserve accounting.

WTF doesn't even do it justice. It's 325 pages of pure unadulterated what.the.fuck.OMG and if you've got an extra 14 hours to blow, take a peek!

Jr Deputy Accountant humbly presents for your reading pleasure:

Financial Accounting Manual for Federal Reserve Banks

Xanax recommended prior to reading. Of course, we already knew the Fed prefers the "WTF method" of accounting (see my April 24 Stress Test Paper Shows Fed Prefers "WTF" Accounting Rules, Dropping LSD) but wow. Just wow.

Hey, Fed boys, I hope you've got some truly special CPA savants on your squad because this is an absolute load of bullshit.

Wow.

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