Accounting Takes on CNN's Big 87654 Fluff Piece... At Least Two of Us Did
I still want to hear industry opinions on this. Francine? Dennis? Edith? IA? Anyone? Is it simply that Caleb and I need anger management or was this recent CNN piece outrageous?
If you saw the asinine CNN piece that came out on Thursday entitled “Accounting grows in shrinking economy”, you know what we mean.
The title itself should cause you to throw up in your mouth. Certainly the author of this gem, Kevin Voigt, isn’t talking about growth in revenues but he still manages to make a case for accounting industry strength based on just that:
[T]he firms have emerged from the worst with balance sheets that would be enviable to most companies: Ernst & Young and Deloitte finished the 2009 fiscal year with flat growth, while PWC revenues were down 7 percent.
Getting nauseous yet?
Read the whole thing.
We are expected to slap on the happy face and gobble up this "news" from CNN, I assume. Pretty soon state boards of accountancy will have to adopt alternatives to the work experience requirement or we will see a mass shortage of CPAs - I didn't say qualified, I just mean generally speaking.
Come to think of it, maybe we were wrong to judge this article so harshly. Obviously - though they didn't say it outright, lest their American offices feel neglected - the Big 87654 CEOs meant their Asian offices were up for the year. You know, the place that was in those glossy brochures at MTF but that you quickly realized after your second day you'd never get to? Singapore is exploding as a professional mecca, with leading Universities and industries piling in and tapping their talent. Technically, we can't get mad at them for leaving out that little detail.
Anyway. Closed mouths don't get fed. I can't imagine that my accounting cohorts would allow something like this to pass by without feeling compelled to say something. It's too obvious.
I want to see Robert at Accounting Nation do this piece of shit article next. That would be awesome.
I did it here.