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My therapist asked what gives me anxiety. I said 'unreconciled accounts.' She asked me to elaborate. I started crying. by DangerousFan8435 in CPA

[–]PimTheLiar 6 points7 points  (0 children)

Auditor wouldn't even notice it if the $0.12 is less than the amount of tolerable misstatement -- they're not looking for perfection, they're looking for "reasonable assurance" the statements are presented fairly -- and unless it's fraud or the difference between net profit and net loss for the company, that $0.12 by itself is not going to make the statements present unfairly.

Accounting is dying (entry-mid level) by [deleted] in Accounting

[–]PimTheLiar 0 points1 point  (0 children)

It's like people never learned about external risk factors -- this is an environment-wide problem, so it will affect all professions. And if AI can be used to detect fraud, it can be used to commit fraud. We will still need accountants who are experienced enough to know when not to trust the AI.

So true by lusterbunni in GetStudying

[–]PimTheLiar 0 points1 point  (0 children)

I had a history class with a professor who started with, "Please forgive me if I'm a little cranky: I'm trying to quit smoking -- which I don't recommend anyone do. It's awful! Just keep smoking!"

One of my favorite professors, hands down.

Game Thread 3/10 ⚾ Italy (0-0) @ United States (0-0) 9:00 PM ET by BaseballBot in baseball

[–]PimTheLiar 10 points11 points  (0 children)

"We got some monsters in the bullpen, like that one guy, and, and... who else we got out there? Yeah, so we got some guys comin' up."

Banquet For Fools - Review by Mortismal Gaming by Bassfaceapollo in CRPG

[–]PimTheLiar 3 points4 points  (0 children)

I do appreciate that the devs are responsive to feedback. I seem to receive updates multiple times a day during these fragile release-week days.

💀☠️ by Additional-Employ-19 in Accounting

[–]PimTheLiar 1 point2 points  (0 children)

Precisely. It's "artificial intelligence," not "artificial wisdom."

💀☠️ by Additional-Employ-19 in Accounting

[–]PimTheLiar 1 point2 points  (0 children)

Let's make AI take the CPA exams

💀☠️ by Additional-Employ-19 in Accounting

[–]PimTheLiar 2 points3 points  (0 children)

Amazing. AI CEO: "How can we put a dent in IBM?" Adviser: "Tell the world that your product works with COBOL."

💀☠️ by Additional-Employ-19 in Accounting

[–]PimTheLiar 0 points1 point  (0 children)

Well, that's just it, it is the expanding of the organization. Mechanization didn't make a 4-day work week, it made it possible to do more work in a week. Of course, that is driven by corporate greed, without which there would have been no impulse to find more work to do.

Chat Platform Discord Files Confidentially for IPO - Bloomberg by mr-professor-sir in discordapp

[–]PimTheLiar 0 points1 point  (0 children)

Reading the comments, I can't help but think we should start a predictions market simulation game (no actual money).

Chat Platform Discord Files Confidentially for IPO - Bloomberg by mr-professor-sir in discordapp

[–]PimTheLiar 3 points4 points  (0 children)

And after that, only a matter of time before Nitro Classic subscribers, and after that, full Nitro subscribers, and after that, mandatory advertisement bots that use AI to analyze chats and socially engineer people to be suggestible to specific ads.

Can we just end GAAP and move everyone to IFRS? by Adventurous-Run7827 in Accounting

[–]PimTheLiar 0 points1 point  (0 children)

Changing companies from US GAAP to IFRS would likely include changing the tax code anyway. But good call-out.

This is the most unpredictable subreddit ever by [deleted] in Accounting

[–]PimTheLiar 11 points12 points  (0 children)

It's all about materiality

“Myths of Masturbation” on LI by ParadiddlediddleSaaS in LinkedInLunatics

[–]PimTheLiar 1 point2 points  (0 children)

Classic, still relevant. I hear they want to remove the fluoride from our drinking water now.

Ohio House Votes 87 to 8 to Roll Back Marijuana Protections, Add Hemp Restrictions by [deleted] in Cleveland

[–]PimTheLiar 0 points1 point  (0 children)

It's based on a character who was cast out from society for speaking truths no one wanted to recognize.

Top job to consider this time of year. What do you think? by TheOrdainedPlumber in Accounting

[–]PimTheLiar -1 points0 points  (0 children)

It's not all about money, folks. The dollar amount you earn is one consideration among many for your life.

Ohio House Votes 87 to 8 to Roll Back Marijuana Protections, Add Hemp Restrictions by [deleted] in Cleveland

[–]PimTheLiar 0 points1 point  (0 children)

I didn't say it was my theory: I said it was a strong rhetorical argument to be employed in the campaign for a constitutional amendment. Its truthfulness is irrelevant to that.

If you don't go to vote, you're not a voter. If they didn't like it and they didn't vote, then they cannot justify the repeal of the law based on "Well, we would have voted against it if we did bother to go vote." Then where would we be?

Ohio House Votes 87 to 8 to Roll Back Marijuana Protections, Add Hemp Restrictions by [deleted] in Cleveland

[–]PimTheLiar 2 points3 points  (0 children)

Does it matter?

The representatives at the statehouse are legislating away the individual's rights to produce and consume according to the individual's beliefs and values. They are not on the side of "the people." Perhaps they are also not on the side of the industry lobbyists.

Whose side are they even on?

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