Certified Public Accountant Quotes

There was nothing whatever wrong with Mr. Stone, except that he possessed all the necessary qualifications for a certified public accountant: he did not like people, he was quick with numbers, he had no sense of humor, and he was butt-headed.

My whole sorry existence has been building towards this one night. The night of the Reynolds’ Fortuna Ball. A celebration that invites the entire town to eat, drink, and dance the night away. It’s become tradition in these parts for the Reynolds family to hand over all the properties, businesses, offshore accounts, cars, and whatever else rich people own, to the heir on his twenty-fifth birthday. Nice, right? And the ball is their public way of celebrating the handover, or so everyone thinks. The truth is way weirder. Try an ancient curse; a deal signed in blood and a pair of families joined in perpetuity. The whole thing gives me the itches and I sound certifiable to boot, but for the last four hundred years the women in my family have been ripping off the Reynolds family, and those a**eholes throw us a party so we can do it in style.

the terms financial professional or financial planner are meaningless. Many so-called financial professionals are really financial salespeople. While you may need what they have to sell, this is not the time to ask them for financial advice. That’s like hiring a fox to guard the henhouse. What you need is someone you can pay to provide you with objective advice that’s in your best interests. Asking people who sell financial products for financial advice creates a potential conflict of interest. Although many will act in your best interest, many are more interested in selling you what makes the most money for them. It’s a risk that you don’t have to take. Get your advice and your investments/insurance from different sources. A good place to begin seeking advice is from a Certified Public Accountant who does not sell investment products.

But Ernst & Ernst was an innovative firm. The Ernsts were the first accountants to advertise, and they blazed the path of combining audit and consulting services. The Ernst brothers understood that financial information was valuable, not only to investors, but also to managers, who could use the data to improve their business decisions. The Ernsts further saw the benefit of giving combined audit and tax advice. When the federal income tax was established in 1913, Ernst & Ernst immediately set up a tax department. If the Ernst brothers were concerned about potential conflicts of interest from simultaneously attesting to an audit and advising on taxes, strategy, and disclosure, they kept that to themselves. The Ernsts were visionaries, and had no time for prudish accounting old-timers. When the American Institute of Certified Public Accountants, a long-established accounting trade group, accused the Ernsts of violating its rules against soliciting and advertising, the brothers resigned their AICPA membership.17