I know it’s hard to sever a relationship of long standing, one that has been very lucrative. But the time has long passed. You’re starting to act like a neurotic girl, one who keeps talking about the “boyfriend” who really, really does still like her and feels something for her, but never calls anymore but always answers her text messages and sometimes comes over after he’s out with his buddies and is drunk… But I digress.
Once you’ve become part of the problem, and not part of the solution, it’s time to get the hell out of dodge, or Austin as the case may be. I understand the reluctance. I like Austin. I’ve spent many a fun night on 5th Street looking at art. Once, while I was still with KPMG Consulting, after a promotion to manager, I went to Barton Creek Resort for a new managers’ training. There was a really cute guy… But I digress again.
What is it about Fridays that makes focusing difficult?
Anyway, Jack Ciesielski over at the AAO Weblog does a great job getting into the details of the results of KPMG’s investigation. I like the line he uses to sum it up, “The investigation raised questions relating to numerous accounting issues, most of which involved adjustments to various reserve and accrued liability accounts, and identified evidence that certain adjustments appear to have been motivated by the objective of attaining financial targets.”
Sounds like WorldCom all over again. He makes the very important point too that this all happened while Sarbanes Oxley was in effect. Does that mean SOx is not effective? Not by a long shot. The fact that this is being revealed, that a formal investigation took place, that justice, of a sort, will be done, instead of everything going on business as usual in perpetuity shows that SOx has had its intended effect – to bring this kind of stuff out of the woodwork. What it also tells us is that boys will be boys. (Isn’t it true that almost all the perps are boys? I dare you to name me a high profile woman that has been behind one of these scams or the accounting team that closed their eyes to it. On the contrary, the heroines are women, women like Cynthia Cooper.)