April 7, 20223 yr 2 hours ago, binkybink77 said: Congrats - I got out as soon as I had my attestation hours. I was not a lifer. Private is so much better. My firm wasn't too bad as far as work life balance. Tax season always sucks, but besides that it was very chill. Over the last couple years I just got sick of dealing with client's crap. Especially government and non-profit. Their books are trash and they never provide you what you need in a timely fashion. Just wait until they need the report and info dump you after sitting on it for months and demand the report asap. Worst part about government is you can qualify your opinion due to poor reconciliation and they don't give a F. They still get their bonds or refinancing. Basically they know their books are crap and it doesn't matter to them. Just get them financial statements and they're happy. Their revenue is guaranteed as long as they file necessary reports.
April 7, 20223 yr 1 minute ago, mr_hunt said: let it all out, man. let it all out. WFH and $25k/year raise makes me happy. Now I'm making $26k/year.
April 7, 20223 yr 9 minutes ago, rambo said: WFH and $25k/year raise makes me happy. Now I'm making $26k/year. baller! 😎
April 7, 20223 yr 1 minute ago, mr_hunt said: baller! 😎 Might finally be able to get that double wide I've had my eye on.
April 7, 20223 yr 2 hours ago, rambo said: Might finally be able to get that double wide I've had my eye on. I had to check to see if Bfit posted that.
April 7, 20223 yr 4 hours ago, rambo said: Might finally be able to get that double wide I've had my eye on. We have an assortment of double wides in the boobs thread to chose from.
April 8, 20223 yr Watching TV with my daughter, I can’t help but wonder, how could a crab possibly father a whale?
April 8, 20223 yr On 4/7/2022 at 2:44 PM, rambo said: My firm wasn't too bad as far as work life balance. Tax season always sucks, but besides that it was very chill. Over the last couple years I just got sick of dealing with client's crap. Especially government and non-profit. Their books are trash and they never provide you what you need in a timely fashion. Just wait until they need the report and info dump you after sitting on it for months and demand the report asap. Worst part about government is you can qualify your opinion due to poor reconciliation and they don't give a F. They still get their bonds or refinancing. Basically they know their books are crap and it doesn't matter to them. Just get them financial statements and they're happy. Their revenue is guaranteed as long as they file necessary reports. I did more audit than tax but both sucked and I had mostly manufacturing and a few non-profit clients. **** government lack of accountability and their employees is why our township manager was able to steal over $3M in 8 years from us, the taxpayers, despite being "audited" every year. https://www.chestercounty.com/2021/12/14/378273/kennett-township-unwraps-lisa-moore-embezzlement
April 8, 20223 yr 45 minutes ago, binkybink77 said: I did more audit than tax but both sucked and I had mostly manufacturing and a few non-profit clients. **** government lack of accountability and their employees is why our township manager was able to steal over $3M in 8 years from us, the taxpayers, despite being "audited" every year. https://www.chestercounty.com/2021/12/14/378273/kennett-township-unwraps-lisa-moore-embezzlement That there is what you call poor internal controls.
April 9, 20223 yr 2 hours ago, rambo said: That there is what you call poor internal controls. Yeah they were made recommendations every year that were never followed. The Supervisors just let her run the show with complete autonomy - never picked up a bank rec or opened a cc statement to peruse. Complete negligence that led to fraud. Then they tried to convince us all at a town hall that she was some mastermind - she wasn’t. She was doing things like writing out checks to herself and then changing it in QBs after the fact to a vendor name which is why Quickbooks should only be used by small business owners. So infuriating.
April 9, 20223 yr 23 minutes ago, binkybink77 said: Yeah they were made recommendations every year that were never followed. The Supervisors just let her run the show with complete autonomy - never picked up a bank rec or opened a cc statement to peruse. Complete negligence that led to fraud. Then they tried to convince us all at a town hall that she was some mastermind - she wasn’t. She was doing things like writing out checks to herself and then changing it in QBs after the fact to a vendor name which is why Quickbooks should only be used by small business owners. So infuriating. A lot of small governments use quickbooks. It's functional if there is some segregation of duty. Auditor's should have dug into the audit function a little which would've notified them of check vendor changes after the fact. Especially since it was a one person show apparently. Shame really. My guess is they don't rotate auditor's and there was a long standing relationship which allows too much comfort and an ability for her to know what they test and she could get away with.
April 9, 20223 yr 1 hour ago, rambo said: A lot of small governments use quickbooks. It's functional if there is some segregation of duty. Auditor's should have dug into the audit function a little which would've notified them of check vendor changes after the fact. Especially since it was a one person show apparently. Shame really. My guess is they don't rotate auditor's and there was a long standing relationship which allows too much comfort and an ability for her to know what they test and she could get away with. Oh yeah it definitely was a failing at the audit level too. It was a cake job, same old same old I’m sure, and they didn’t do proper testing. They did recommend new accounting software with better controls among other things but never really followed up on their recommendations. It doesn’t help that many audit teams send in their greenies that don’t know what they’re doing or looking at to do the grunt work and test selection. Having been an auditor I know it’s not a fun job and you’re often treated as a nuisance - but it IS a nuisance. Anyway - private is so much better. You have more consistency and don’t have to bill or deal with clients. You just have to deal with the same annoying employees everyday who don’t understand accounting or why you put controls and best practices in place and executives that want to blame you for their poor decision making when the financials aren’t favorable even after you’ve provided detailed budgets, forecasts and recommendations. Good luck!
April 9, 20223 yr 4 minutes ago, binkybink77 said: Oh yeah it definitely was a failing at the audit level too. It was a cake job, same old same old I’m sure, and they didn’t do proper testing. They did recommend new accounting software with better controls among other things but never really followed up on their recommendations. It doesn’t help that many audit teams send in their greenies that don’t know what they’re doing or looking at to do the grunt work and test selection. Having been an auditor I know it’s not a fun job and you’re often treated as a nuisance - but it IS a nuisance. Anyway - private is so much better. You have more consistency and don’t have to bill or deal with clients. You just have to deal with the same annoying employees everyday who don’t understand accounting or why you put controls and best practices in place and executives that want to blame you for their poor decision making when the financials aren’t favorable even after you’ve provided detailed budgets, forecasts and recommendations. Good luck! Thanks! I know you know the pains of both worlds. I'm moving to a financial services company so not even as intensive as manufacturing. Basically after interviewing with the CFO then CEO it put my mind at ease. CFO is 4 years out from retirement and I would be stepping into her spot. Laid back family culture. As a parent you appreciate that. Not a cold hearted corporate machine.
April 9, 20223 yr 1 hour ago, greend said: Mods please move to tax nerds discussion thread hold a moment mods, i think we're one or two posts from someone showing us her numbers.
April 9, 20223 yr 1 hour ago, wholesale_Melvin said: hold a moment mods, i think we're one or two posts from someone showing us her numbers. I once showed @BFit who number 2 works for. You don't mistype a thread title in WU or you wind up with crap in your PM box. Literally.
April 9, 20223 yr 7 minutes ago, rambo said: I once showed @BFit who number 2 works for. You don't mistype a thread title in WU or you wind up with crap in your PM box. Literally. Can confirm
April 9, 20223 yr Just now, BFit said: Can confirm I was trying to remember what the title was but my brain is too clogged with malted hops and bong resin.
April 9, 20223 yr 5 minutes ago, rambo said: I was trying to remember what the title was but my brain is too clogged with malted hops and bong resin. Well mines all malted hops and distilled corn, so good luck
April 9, 20223 yr I'm just sad that I missed out on an opportunity........ Them..."Who's your accountant "? Me.... " Rambo"
April 9, 20223 yr 3 hours ago, rambo said: I was trying to remember what the title was but my brain is too clogged with malted hops and bong resin.
Create an account or sign in to comment