| Author | Message | ||
| Jesse Hoffman (Hoffmeister)
New member Username: Hoffmeister Post Number: 35 Registered: 12-2002 |
What I find most amusing about "the test" is that it was forwarded to me by a friend who is an ex-Army female linguist who is a "wanna-be" hippie vegan working for a non-profit aid organization  | ||
| Dave (Maranelloman)
Intermediate Member Username: Maranelloman Post Number: 1299 Registered: 1-2002 |
Jesse. | ||
| Peter Sedlak (Peters)
Member Username: Peters Post Number: 269 Registered: 1-2003 |
OK Jesse..... You are driving a bus through a busy downtown city. The first stop picks up twenty people and now the bus has thirty one people. On the next stop two people people get off the bus. The next stop gets ten people. There is a break that takes ten minutes on Third and Elm Streets. The next stop drops off sixteen people and fourteen people get on the bus.......What is the name of the bus driver? | ||
| David R. (Rodsky)
New member Username: Rodsky Post Number: 24 Registered: 3-2003 |
Dave - Companies and people at those Companies typically commit fraud (e.g. Fastow and Enron) - Auditors do deficient audits. Andersen was not found guilty of fraud in the case of Enron - they were found guitly of obstruction of justice for destroying documents. What I meant in my previous post was - who at Enron has been punished. Who at Xerox has been punished (a non Andersen audit Company that overstated their revenues by over $4B)? This is the part that ticks me off. | ||
| Dave (Maranelloman)
Intermediate Member Username: Maranelloman Post Number: 1291 Registered: 1-2002 |
David, I stand corrected. My mistake: I confused the now-renamed A$$enter, er, Accenture, with Arthur Andersen. I agree with you about the guilty at AA not being fully punished. However, I would postulate that is was far more than the actions of a few, since AA was key to fraud at so freakin' MANY companies across the US. IMO, of course... | ||
| Jordan Witherspoon (Jordan747_400)
Member Username: Jordan747_400 Post Number: 794 Registered: 12-2002 |
LOL! I failed Made me laugh though | ||
| David R. (Rodsky)
New member Username: Rodsky Post Number: 23 Registered: 3-2003 |
No it doesnt Dave, you have your facts wrong - Andersen Consulting is an $11B publicly traded company renamed Accenture. Also remember that 80,000 people at Arthur Andersen which is "t!ts up" as you say had to hit the streets due to the actions of a few. The real criminals have not been punished. | ||
| Ronald C. Steinhoff (Buylowsellnever)
New member Username: Buylowsellnever Post Number: 27 Registered: 9-2002 |
I had to add the following to this thread: From: The Street.com (5 Dumbest things on Wall Street) Those of you who hope that a new generation of accounting professionals has learned something from Enron and other scandals -- you better just skip this item. The University of Wisconsin-Madison is investigating a case of widespread cheating on an accounting exam earlier this month. As the Wisconsin State Journal first reported Thursday, as many as 60 students cheated on their midterm accounting exam by completing the take-home test in groups rather than working on it individually, as per their instructor's assignment. There was "overwhelming evidence of collusive behavior," the accounting department chairman told the Journal. OK, OK. We know what you're thinking: This is not a shock that students occasionally cheat. It's not a comment on the accounting industry. Or maybe it is. The fascinating part of the story for us is why the instructor administered the take-home test in the first place. See, originally, it was going to be administered in class. But, apparently, the instructor made it a take-home so students could attend a special event on campus. And what was that event? Why, it was a speech by Sherron Watkins, the whistle-blower inside Enron who called attention to the company's suspect accounting practices. So you get the picture. Take a take-home test so you can listen to an inspirational talk about fighting accounting fraud. Then commit fraud on your accounting exam. Michael Knetter, dean of the University of Wisconsin-Madison's school of business, wasn't interested in discussing the irony angle of the cheating scandal. "What's important to me is how we're handling it," he said. "And we're handling it well." | ||
| William Huber (Solipsist)
Member Username: Solipsist Post Number: 859 Registered: 9-2001 |
Just put the pre-schoolers in charge. | ||
| Dave (Maranelloman)
Intermediate Member Username: Maranelloman Post Number: 1269 Registered: 1-2002 |
This explains why Andersen is t!ts-up as a result of their malfeasance in the Enron & many other corporate meltdown scandals! | ||
| Jesse Hoffman (Hoffmeister)
New member Username: Hoffmeister Post Number: 34 Registered: 12-2002 |
This may be old but it's still humorous.... Do you have what it takes to be a "Professional"? The following consists of 4 questions and will tell you whether you are qualified to be a "professional." The questions are NOT that difficult. Think about each one before scrolling down. 1. How do you put a giraffe into a refrigerator? The correct answer is: Open the refrigerator, put in the giraffe and close the door. This question tests whether you tend to do simple things in an overly complicated way. 2. How do you put an elephant into a refrigerator? Did you say, "Open the refrigerator, put in the elephant and close the refrigerator?" (Wrong Answer) Correct Answer: Open the refrigerator, take out the giraffe, put in the elephant and close the door. This tests your ability to think through the repercussions of your previous actions 3. The Lion King is hosting an animal conference. All the animals attend except one. Which animal does not attend? Correct Answer: The Elephant. The elephant is in the refrigerator. You just put him in there. This tests your memory. OK, even if you did not answer the first three questions correctly, you still have one more chance to show your true abilities 4. There is a river you must cross but crocodiles inhabit it. How do you manage it? Correct Answer: You swim across. All the crocodiles are attending the Animal Meeting. This tests whether you learn quickly from your mistakes. According to Anderson Consulting World-wide, 90% of the professionals they tested got all questions wrong. But many pre-schoolers got several correct answers. Anderson Consulting says this conclusively disproves the theory that most professionals have the brains of a four year old. |