Debits, Credits, and Other Nincompoopery

A late-night talk-show host some years ago now quipped about an our-of control accounting firm debacle, "If your accountant is Arthur Andersen . . . today is the last day you could have your tax documents shredded by April 15th."


Let's face it; the accounting profession has committed sufficient buffoonery ove the years to rival the stench of Yellowstone's sulfur pots. That's not to say that accounting is suspect. Yet accountants can be. Watch out for such fatheads.

Many admit that accounting i...