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youssryauditing12 · 2 years

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Are You Searching For Accounting Services In Dubai To Serve Your Needs?

Locating the best Accounting Services In Dubai could be a cumbersome procedure for a new company. The business's growth also relies on its administration of the accounting framework. Frequently, most smaller firms need assistance managing their accounting and bookkeeping requirements. It is where accounting enterprises come into the image.

How to determine the best Accounting Services for your company?

These companies are familiarized with the ever-evolving character of our taxation system and understand how to cater to irregularities while updating the account books. If you are still attempting to determine the best accounting company for your corporation, this write-up can help you.

Since there are already a bunch of accounting companies, it would take time for anyone to choose the right one instantly. So to narrow down your choices, we have outlined some standards for identifying the suitable firm.

Domain of Specialization

Accountants serve a few company areas to render maximum customer satisfaction. For instance, a tax accountant might not be useful for a farmer compared to an accountant with various experiences managing rural and agricultural customers.

Accounting Costs

Accounting fees vary from one company to another. For instance, some accountants solicit a set rate for accounting-related duties; others demand by the minutes.

Certified Specialists

Tax preparation companies specialize in helping clients who pursue advice for filing income taxes, but these companies have restricted penetration, particularly in the business field. Thus, these firms employ professionals from outside to suit such a purpose.

If the company has ample professionals, you expect them to provide excellent assistance without inconsistencies.

Level of Service

If you desire complete bookkeeping services, track down a full-service accounting firm that employs bookkeepers accountable for managing day-to-day client transactions. An accounting enterprise without a bookkeeping staff will likely demand more if a CPA undertakes the regular bookkeeping jobs.

Financial Counseling

Some accounting companies are prompt in advising when to purchase equipment and how to keep the finances in the account book; meanwhile, other enterprises compile accounting information and supply negligible feedback.

The amount of direction you pursue is based on your experience and financial understanding. If you need in-depth assistance, opt for an enterprise with top-notch financial counseling.

Compatibility with Customers

The accountant company is the most promising as long as it keeps you abreast of accounting obstructions through the best advice and intuitive discussion. If you comprehend how your accountant manages the finances, your business's accounting management becomes more evident and less complicated.

It's good to determine the level of compatibility with accountancy companies before entering into the agreement.

Availability of Quick Resolution

Some customers avail of accounting services for tax-filing goals on an annual basis. Other clients may have company queries that seek immediate resolution. Try to determine a firm that can present on-spot availability of the accountant in a time of urgency.

Audit Supports

New businesses are more susceptible to periodic tax audits, where you require full-fledged help from your accountant. It could be challenging for new entities to meet such a necessity. Some accounting enterprises offer in-house audit facilities to the customer.

Goal Setting

Some accountants assist their customers in setting up objectives and tracking fiscal improvement. It could help new company entities to sustain development for a lengthy period. Determine the firm's policy regarding goal setting and look out for disguised charges for the service.

Emphasizes Money-Saving

While most accounting companies in our nation take care of your finances, you require an accountant who can stop you from spending irrelevant expenditures.

References

Taking references from companions and associates might seem like an ineffective technique. Nevertheless, it works like a charm, specifically for inexperienced or unknown accounting management practices.

Transparency

Transparency is absolutely essential when it comes to rendering accounting assistance. While preparing the finances for future expenditures, ensure your accountant supplies proper feedback. This way, you would know the methods employed to organize the account books.

Tech-savvy Organizations

You may come across numerous businesses that still employ outdated accounting software. It might delight you in low service costs, but it cannot pledge to render the desired result. If you have ample finances, feel free to engage someone who is technologically modernized and utilizes the most cutting-edge software.

Remember that the current generation of accounting software can determine the loopholes in your finances and maintain firms abreast of complicated mistakes. They may also supply the roadmap for future finances.

Every small company needs to adopt a cautious procedure in its initial phase while managing its finances. However, neglect to account can dent their goal of being a major contender in a given marketplace. That's why a company's accounting must be addressed professionally.

The accounting business can prove decisive as it manages the firm's finances and bookkeeping.

Therefore, if you are looking for accounting services or Dib Adib Auditors, look no further than Youssry & Co.! We are a premier licensed public accounting firm that has served privately held corporations and high-net-worth people.

#Dib Adib Auditors #Accounting Services In Dubai #bank auditors #court expert auditiors #corporate tax

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rbsauditing · 1 year

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Bank Approved Auditor In UAE

Need Bank Approved Auditor In UAE? RBSAuditing is a leading provider of bank approved auditing services in UAE. Our team of experienced auditors has extensive knowledge and expertise in the banking industry, and we are approved by all major banks in the UAE. We offer a comprehensive range of auditing services tailored to meet the specific needs of banks and other financial institutions. Our services include financial statement audits, internal audits, risk management, and more. Choose RBSAuditing for reliable and professional bank approved auditing services in UAE. https://rbsauditing.com/auditing/

#Bank Approved Auditor In UAE

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15tia2001 · 1 year

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Legally Bank Approved Auditors in Qatar | JBA & Partner |

JBA & Partner's audit & assurance service is trusted by banks and business in Qatar. Contact us to work with our bank-approved auditors and see your firm grow.

#Bank Approved Auditors In Qatar

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accteezindia · 1 year

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For Private Limited Company Registration at Best Price, Please Call 8860632015

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infoseminar · 1 year

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Jadwal Training Finance dan Accounting tahun 2023. Seminar Akuntasi dan Keuangan Online dan Offline. Pelatihan Public Training dan In House Training Accounting and Finance. Beberapa topik training Finance and Accounting antara lain: 1. IFRS & Dampak Perpajakannya 2. Fixed & Intangible Asset Accounting And Management –IFRS, PSAK & Operational Approach 3. Financial Risk Management – Detecting, Preventing And Rescue Financial Risks 4. Auditing Techniques And Tools: A Guide For Auditor 5. Financial Auditing For Internal Auditor 6. Risk-Based Internal Auditing (RBA) – Coso Based 7. Risk-Based Internal Auditing (RBA) For Purchasing & Marketing – COSO Based 8. Forensic Accounting Investigation And Audit 9. Fraud Auditing In Financial Institutions – (Banking & Insurance Practice Approaches) 10. Audit Investigation & Anti Fraud 11. Investigation & Fraud Detection For Internal Auditors Info seminar training lengkap: WA: 0851-0197-2488 Jadwal training lengkap: https://www.informasi-seminar.com #ifrs #perpajakan #tax #pajak #fixedasset #psak #financialriskmanagement #auditor #audit #auditing #internalauditor #financialinstitution #banking #akuntansi #keuangan #finance #accounting (di Jakarta) https://www.instagram.com/p/Cm7nC9syXC5/?igshid=NGJjMDIxMWI=

#ifrs #perpajakan #tax #pajak #fixedasset #psak #financialriskmanagement #auditor #audit #auditing #internalauditor #financialinstitution #banking #akuntansi #keuangan #finance #accounting

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digitalmarketinqatar · 1 year

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Auditor in Qatar | Auditing Services Doha

JBA & Partner is a certified public accounting firm in Qatar with expertise in audit and financial advisory services.

#Bank Approved Auditors In Qatar

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nightpool · 1 day

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If you are an auditor, and you call up the chief financial officer of the company you are auditing and ask “hey when is a convenient time for me to come to your office to review the books,” and he replies “no, no office, parking lot,” and you say “okay I’ll drive to your office and you’ll come down—” and he says “oh no, not our parking lot, a different parking lot,” and you meet him in a parking lot 40 miles from his office, and he hands you printouts of the financial statements and drives away, how should you begin your audit? Which of the financial statements is most likely to contain red flags or discrepancies to be addressed? I feel like the answer is “the parking lot”? If I were auditing those financial statements, most of my questions would not be about technical accounting matters but “why are we meeting in a parking lot again?”

Here is a story about the CFO of the Detroit Riverfront Conservancy, William Smith, who was arrested last week for allegedly stealing $40 million from the nonprofit:

"Mr. Smith’s grip on the nonprofit’s finances was so tight that even the nonprofit’s accountant, charged with tracking spending, could not log into one of the group’s bank accounts. Only Mr. Smith had the password. He gave her the bank statements on paper and met her only four times a year, in the parking lot of a Honey Baked Ham store 40 miles from the office. […]

"Brian Mittendorf, a professor who studies nonprofit accounting at Ohio State University, said that the conservancy’s official documents show that it took steps to safeguard its finances — including oversight from its board of directors and annual audits.

"‘All these things sound as if it’s an organization with a pretty robust review in place. On the other hand, only one person can access the money, and provides paper copies in a Honey Baked Ham parking lot?’ Mr. Mittendorf said. ‘Those sound like the opposite of a robust governance mechanism.’"

As it happens, Smith allegedly altered the bank statements by “[removing] the payments to himself and [replacing] them with fake payments to other vendors.” I still don’t fully understand the parking lot, though? Like you can meet the accountant in your office to hand over the doctored paper financial statements; just unplug your computer first. I just feel like meeting in the parking lot sends a pretty strong message of “I AM DOING CRIME” that you might want to avoid, if you are doing crime.

#your stock options look gnc af

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sri-lanka-government-jobs · 2 years

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Chief Internal Auditor job vacancies in the State Mortgage & Investment Bank (SMIB)

#chief internal auditor #State Mortgage and Investment Bank #government job

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lua-magic · 5 months

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Self Development and Astrology( Vedic Astrology).

There are four main important houses in Astrology called as "Kendra house" ie one, four, seven and ten.

Rest all other houses are supporting houses.

First 🏠 house, is the house of self and personality. Sun is exalted in first house, because Sun is soul, so if you know your weakness and strength and work on your body regularly ( as Mars has lordship of first house) then no outside enemy can defeat you. And if your body is in good state then you can enjoy all the pleasures of the world..

Fourth house The most important house, once you get defeated emotionaly then nothing can help you, it is said, once, you loose emotionally you loose everything in life

So never depend Emotionally on anyone. Never give control of your emotional body to any one.

Jupiter is exalted in fourth house, because even if you loose everything in life but hold on to your morality, you will get everything in life again.

For native who has their Jupiter in two, six, four and ten it is better if you go in work related to Jupiter like counselling, and teaching, spirituality, and work related to religion.

Next house which is important is seventh House, is house of your focus and attention .

This house tells you, where you give your focus that area will expand, also tells you focus on your partnership or network, because your network is your networth, you finally become like the person with whom you spend most time with

Next house is your house of Karma, or the tenth house If you know what work makes you happy or you do what you enjoy,then you are the most carefree and happy person.

Tenth house is opposite to fourth house, it means, once you work hard, fourth house related things like luxury and comfort will come to you easily.

If you have Mercury in 10th house or fourth house, then would get success when you involve in communication, speech or develop some kind of skill

If you have Venus in fourth or tenth then it is better you do work related to cosmetics, luxury, apparels, textile.

If you have SUN in fourth or tenth then it is better you work alone and independent. You can be good politician as well

If you have Moon in fourth or in tenth then you can get involved in food related job, or in psychology or get in job which has traveling..

Mars in second or in tenth house, then involve in land, property, house, real estate, or in Army, police or in sports. Such natives have so much of energy when someone assigns them task they will finish it fast.

Saturn eighth or in tenth house, should take work as their service,they can go in politics, or in service related industry, here Saturn will give you success slowly with time .

If your tenth lord is in first house, then do work related to self improvement and your body, such natives are great and can achieve alot in their career on their own.

Tenth lord second house, do work with your family, or related to speech and cooking.

Tenth lord in third house, do work related to skill development, sports, with siblings, media, communication, commission.

Tenth lord in fourth are extremely good, because person would get all luxurious and comfort by his work. You can work for masses, also home related job or service.

Tenth lord in fifth is also good, you can go in teaching and learning.

Tenth lord in sixth, you can work in charity, for pets, as doctors, healers, health workers, as auditor.

Tenth lord in seventh, it is better to go for business.

Tenth lord in eighth, research, soy, insurance, Bank, occult, astrology.

Tenth lord in ninth, good, you can go in counselling, teaching spirituality, religious work

Tenth lord in tenth is good, you are hard working and can work in any job.

Tenth lord in eleventh, you can work as free Lancer, create multiple source of income, work in social media

Tenth lord in twelfth, you can work in foreign country, or in foreign company, MNCs, import export, hospital, yoga, meditation.

One, four, Sven and ten are actual spine of your chart and you need to constantly work in these houses, rest all houses are by product.

#vedic astrology #spirituality #astrology #astro observations #astro community

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saberamane · 19 days

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...so I have a very specific excerpt from a mid-work fantasy I had today.

All you need to know is Desmond is a bartender at a new bar, conveniently owned by Ezio's family in modern times (assassin's may or may not exist, it really doesn't matter). Giovanni still is the head of a bank and very Important and has decided to have a Very Important Bussiness Dinner at his son's (Ezio) restaurant. It's an authentic Italian place, of course, with all the recipes made by Maria. Friday nights have live, Italian music.

On this specific night, their live performers have failed to appear, and Giovanni's Very Important Bussiness Dinner guests are expecting authentic Italian cuisine and live music. Things are looking bad.

Desmond, newly hired bartender and trying to stay on his new bosses good side (Claudia and Federico also work in the restaurant, but Ezio is the 'main' boss), overhears their predicament and goes all 'I know a guy...'

Cue cousin Clay, who is a classicly trained pianist, being unexpectedly called by his little cousin for a favor.

Clay is not what the Auditore were expecting when he shows up. Ripped jeans, leather jacket, pierced ears, combat boots... Desmond did not mention Clay worked as a bouncer at a club, and dressed like he was in a biker gang...

'Don't worry, I'll fix him up before the performance.'

Clay, in the staff room, trying to squeeze into Desmond's spare uniform.

'Your clothes sizing makes no fucking sense Desmond. Tiniest waist I've ever seen on a man, but with a fat ass and thunder thighs to put a woman to shame. What the fuck is your gym routine?' The black dress pants Clay is currently trying to fit into are distressed where he is trying to pull up the zipper. The waist is just not big enough. The button isn't going to hold, the zipper won't stay up, the seams are straining...

Meanwhile, the Auditore siblings are huddled in the kitchen, eyeing their fathers potential new clients from the little windows in the kitchen doors. They look impressed, so far. The decor is high-end, the wine fantastic, the food both authentic and good...

The entertainment though... Playing the piano is all well and good, but the singer is usually singing in Italian... Would their father's potential clients still be impressed with an English singer??

Clay and Desmond set up on the stage, Clay looking... mostly presentable. There aren't many professional musicians that play classical music with that many studs in their ears...

But Clay plays beautifully, and Desmond can sing? And it's in Italian??

The night goes a lot better than expected after the last-minute canceling of their usual musicians. Desmond and Clay wow the patrons of the restaurant, their father's new clients sign on with enthusiasm.

Desmond and Clay are offered to perform every Friday, should they wish it. It earns Desmond not only an extra check each week, but also an uptick in his tips. Clay, even hating playing something as prissy as piano, can't say no with Desmond's big doe eyes staring at him.

And well...Desmond's employers are worth coming back around to see... Especially when Clay catches the eldest Auditore son eyeing him up and own covertly.

And besides... Clay would do nearly anything to help out his baby cousin. Even something as embarrassing as playing piano.

Especially if the promise of a certain man's attention is on the table.

#personal #assassin's creed #desmond miles #ezio auditore #clay kaczmarek #federico auditore #fanfic drabble

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youssryauditing12 · 2 years

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"Everything you must know about DIFC Liquidators & Auditors in Dubai, UAE."

Setting up a firm in Dubai is the dream of many multinational entrepreneurs. The various free zones permit several companies to establish themselves in the nation. There are nearly 30 free zones in Dubai, and one of the influential free zones is the Dubai International Financial Center, understood as DIFC for short. That's why you require DIFC Auditors & Liquidators in Dubai, UAE.

The United Arab Emirates is well-known for its attractive trade opportunities and the eclectic facilities and amenities it contributes to budding companies. With an understanding and flexible administration, UAE has become a very lucrative location to set up a business for entrepreneurs worldwide.

Though the nation's capital is Abu Dhabi, the most prominent city in the country is Dubai.

What are the advantages of setting up a company in DIFC?

The DIFC is one of the two finance-based open zones, which makes positioning a firm in the free zone a very lucrative alternative, particularly for a finance-based business.

The various advantages of setting up a business in DIFC are:

No Corporate or private income tax

The money laundering laws are strict in the free zone

The use of the dollar overpowers the free zone

Data protection and data safety

Existence of an International Stock Exchange

Unrestricted flow of details and transparency

Availability of skilled and proficient individuals

The company of Internationally acknowledged laws and compliance processes

State-of-the-art infrastructure, cutting-edge technologies, and accessible conveyance

Several regulatory authorities supervise and regulate the companies in the free zone.

Requirement for Audit in DIFC

As the free zone caters mainly to finance-based firms, the demand for audit assistance is evident to them. The free area has regulations and rules about Audits that every business needs to comply with.

The DFSA regulates the Audit of the firms in DIFC, and all of them are mandated to have an audit. This Audit will support and improve the management of the parties and confirm that the business complies with all the rules and regulations.

The audited financial reports should be presented within four months of the fiscal year ending.

It is to be saved in mind that not any Accounting and CA enterprise cannot conduct an audit in the free zone. A DIFC-approved auditor can only execute an audit in an accessible location or a DIFC-approved auditing company. The list of the DIFC-approved auditors and the authorized auditing company is on the DIFC website.

Therefore, if you are looking for DIFC or Bank Auditors, contact Youssry & Co. Auditing & Consultancy!

#Bank Auditors #DIFC Auditors & Liquidators

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teecupangel · 6 months

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Desmond being bored and deciding to make a retelling of his ancestors for shaun or historians of the assassin's. Except he 'accidentally' makes it public and it goes viral, given that sometimes its Desmond and other times its his ancestors from the bleeding effect

The Assassins desperately needed a win.

After the Great Purge, the Assassins were left imprison in a sinking ship.

William Miles and Gavin Banks tried their best to protect and hide what was left but it was a losing battle.

It made people desperate.

Desperate enough to place their fate in Desmond Miles.

Desmond Miles, the runaway son of William Miles.

Desmond Miles, the descendant to Altaïr Ibn-La'Ahad and Ezio Auditore.

The golden boy of the Assassins.

He didn’t really care much about him.

Rebecca Crane was his tech support so he never even met the great Desmond Miles.

He was stuck here, in the basement of a loud club in Berlin, doing his job as one of the contact persons of Erudito.

Most of the time, he just helped Erudito fuck Abstergo’s shit up.

Or try to anyway.

Abstergo does have one of the most impressive security system money can buy.

They were slowly chipping on it though.

Most of Erudito were still trying to throw rocks at the digital bullet proof system Abstergo has while he and the best of Erudito hack into another company who uses the same system to find its weaknesses that they can use against Abstergo.

They were so close to a break through.

And he may have drunk 6 or 7 energy drinks for the last 62 hours so he actually thought he was hallucinating for a moment when he clicked the link one of the Erudito hackers he was working with had spent with the message “dude, isn’t he one of yours? O.o”.

It was a youtube video.

Of Desmond Miles…

In that motherfucking (should certainly be) secret hideout in Italy.

With that motherfucking statue of Altaïr Ibn-La'Ahad behind him, completely clear on view.

“So you wanted to know what Ezio was doing while he was looking for Cesare Borgia, right, Shaun? You went out and I know I’ll be back in the Animus by the time you get here so I’m recording this so you can watch it while I’m stuck in the Animus.”

“So… Cesare left Roma after he failed to kill Ezio and got sent to Castel Sant’Angelo.”

He blinked.

Was…

Was Desmond Miles giving a history lesson???

Oh, fuck, he was.

And he just namedropped Machiavelli and Leonardo as Ezio’s companions who were also looking for where Cesare was transferred after he escaped and got captured again in Firenze.

And…

He had started to speak in Italian.

Not only that…

His entire demeanor, even the way he sat had changed.

He had only heard about it.

The Bleeding Effect.

Desmond Miles was bleeding as Ezio Auditore in a fucking video in the internet.

His second phone began to rang and he prayed to every holy and demonic being that it wasn’t William Miles.

No matter what William Miles say, he cannot just scrub that video from the internet.

It was obvious (6 millions views! What the fuck!!!) that someone out there had already downloaded this video and taking it down would just spark more controversy.

He looked at the number and knew exactly who was calling him.

He accepted the call and said immediately, “What the fuck, Crane. Why did Miles upload a video to fucking Youtube?!”

Rebecca groaned and he could hear Lucy Stillman and Shaun Hastings shouting in the background, most probably ripping Desmond Miles a new one.

“The phone he used to record it automatically uploads to Youtube.”

He blinked.

“That is bullshit.”

“It’s true! It’s one of Lucy’s burner phones and she didn’t even change the settings at all! It defaulted to that kind of setting!”

“No phone has an automatic upload to Youtube and you know it.”

“I know but this one does! It’s so weird! It’s like… something weird is going on here!”

“I’d believe it more if you said Miles wanted to publish it as unlisted but fucked up.”

Rebecca groaned once more.

A phone that automatically uploads to Youtube.

That was such bullshit.

(Rebecca is telling the truth. The phone is a weird one and Lucy can’t even remember where she got it. Almost like… it was always there. Dun dun dun)

#i could have made this in the same au #as the tasting history-esque au #but nah #i wanted to make this a much more #holy shit #moment for the assassins XD #assassin's creed #desmond miles #teecup writes/has a plot #fic idea: assassin's creed #ask and answer

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octuscle · 3 months

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You’re so good at transforming others so I was wondering if I could thank you by transforming you. Who do you want to become? 😊💪

I am almost 27 years old. I graduated from university almost two years ago. Since then, I have been working for an auditing company, auditing the risk management systems of banks. Not a particularly erotic job. But well paid. I travel a lot and my working hours are also less from 09:00 to 17:00. Not good conditions for getting back into shape. I used to be a competitive athlete. Open-water swimming. My shoulders and back are still quite broad… But the waist is no longer as narrow as it was in my best days. Well… The course of life, I would say…

Sunday morning. Normally I would sleep in, go somewhere for breakfast, then maybe do a bit of work. But today I feel like going for a run. At 06:00 in the morning. In the drizzle. I'm really crazy! But running clears my head. After just under an hour, I pass an outdoor gym in the city park. Yawning empty in this weather, of course. I really enjoy it! It's almost 10:00 when I get back home. Now for a hot shower. Uh, no. A cold shower! Hardens off. And then breakfast. Low-fat quark, protein powder, bananas, some fruit. Doesn't taste particularly good. But gives me the energy I need. A bit of Resident Evil 3 to relax. And around 3 p.m. I have to make my way to the stadium. Kick-off is at 5:30 p.m., and I'd like to be in my regular place in the south curve at 4 p.m. Getting in the mood with the boys. Highlight of the week!

Hehehe, that was a good brawl with the opponent's fans last night. That's a good black eye… And my lip is still a bit swollen too. Looks a bit dangerous. Despite the crisp white shirt, navy blue suit and polished black Oxfords. Even after a year on the job, I still haven't got used to getting up early on Mondays. Mondays are usually at 03:30. An hour of push-ups and a bit of weights training, as best I can at home. And then get ready, go to the airport and usually the plane takes off at 07:00 or so. And then I'm back to being the good auditor candidate. It's not as if the job isn't fun. But especially after the weekends, which are packed with hard training and fun with the lads in and around the stadium, the changeover is tough. I can only hope that none of my customers or colleagues ask me who beat me up like that at the weekend. I can't say that I'm one of the militant Ultra fans… Well, if anyone asks, I'll say that it happened during boxing training. They'll take my word for it. At the latest when I take off my jacket and people see my shirt, which looks like it's been painted onto my skin, nobody questions the boxer in me anymore.

05:30 on a Tuesday morning. An hour's run, then an hour's workout in the hotel gym, breakfast, 09:00 at the client's desk. A routine that I would never have expected a few weeks ago when I was doing my Master's degree. With your criminal record, the blatant undercut, the tattoos on your neck and the back of your hands, you'll never get a serious job, my parents complained. But damn it, I'm clever, I'm disciplined and I'm hungry for success. In the cage at MMA, in the fan curve at the stadium, at university and now at work. And fuck, when I show up at a customer's in a suit that perfectly accentuates my athletic figure, I'm surrounded by an aura of respect. Even if I'm the rookie in the project. For the first few days, my colleagues tried to persuade me to go out for dinner or a drink with them in the evening. Not in the mood! I found a club near the hotel where I can train properly in the evenings. Not the kind of wimpy workout I get at the hotel.

I'm so fed up with this fucking Master's thesis. Pumping, eating, fighting… This is what I live for! I've been working at the martial arts school since I got my bachelor's degree. On the one hand in accounting. And also as a trainer. Shit, why do I even want anything else? Would I like it better if I became an desk jockey in some office? I suspect not.

I love the moment when I open my gym in the morning. The sweat from last night is still in the air. Whoever had the last shift yesterday didn't leave anything tidy. I do my rounds and stuff forgotten socks, jockstraps and water bottles into the lost-and-found box. Okay, I wank on it again first. There's nothing like the smell of a used jockstrap that's still a little damp. I don't officially open for another hour, so I have that long to get my body ready for the day with the weights and sandbag. Let's see how full it gets. The place isn't yet self-sustaining. But with my jobs as a bouncer and my OF account, I'm more than able to keep my head above water. At least my tattoo artist doesn't have to worry about me not paying my bills. It's better that way. After all, it's his job to make sure I'm scary!

#male tf #muscle tf #reality change #inked man #age reduction #ai image

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mostlysignssomeportents · 5 months

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The long sleep of capitalism’s watchdogs

There are only five more days left in my Kickstarter for the audiobook of The Bezzle, the sequel to Red Team Blues, narrated by @wilwheaton! You can pre-order the audiobook and ebook, DRM free, as well as the hardcover, signed or unsigned. There's also bundles with Red Team Blues in ebook, audio or paperback.

One of the weirdest aspect of end-stage capitalism is the collapse of auditing, the lynchpin of investing. Auditors – independent professionals who sign off on a company's finances – are the only way that investors can be sure they're not handing their money over to failing businesses run by crooks.

It's just not feasible for investors to talk to supply-chain partners and retailers and verify that a company's orders and costs are real. Investors can't walk into a company's bank and demand to see their account histories. Auditors – who are paid by companies, but work for themselves – are how investors avoid shoveling money into Ponzi-pits.

Attentive readers will have noticed that there is an intrinsic tension in an arrangement where someone is paid by a company to certify its honesty. The company gets to decide who its auditors are, and those auditors are dependent on the company for future business. To manage this conflict of interest, auditors swear fealty to a professional code of ethics, and are themselves overseen by professional boards with the power to issue fines and ban cheaters.

Enter monopolization. Over the past 40 years, the US government conducted a failed experiment in allowing companies to form monopolies on the theory that these would be "efficient." From Boeing to Facebook, Cigna to InBev, Warner to Microsoft, it has been a catastrophe. The American corporate landscape is dominated by vast, crumbling, ghastly companies whose bad products and worse corporate conduct are locked in a race to see who can attain the most depraved enshittification quickest.

The accounting profession is no exception. A decades-long incestuous orgy of mergers and acquisitions yielded up an accounting sector dominated by just four firms: EY, KPMG, PWC and Deloitte (the last holdout from the alphabetsoupification of corporate identity). Virtually every major company relies on one of these companies for auditing, but that's only a small part of corporate America's relationship with these tottering behemoths. The real action comes from "consulting."

Each of the Big Four accounting firms is also a corporate consultancy. Some of those consulting services are the normal work of corporate consultants – cookie cutter advice to fire workers and reduce product quality, as well as supplying dangerously defecting enterprise software. But you can get that from the overpaid enablers at McKinsey or BCG. The advantage of contracting with a Big Four accounting firm for consulting is that they can help you commit finance fraud.

Remember: if you're an executive greenlighting fraud, you mostly just want to be sure it's not discovered until after you've pocketed your bonus and moved on. After all, the pro-monopoly experiment was also an experiment in tolerating corporate crime. Executives who cheat their investors, workers and suppliers typically generate fines for their companies, while escaping any personal liability.

By buying your cheating advice from the same company that is paid to certify that you're not cheating, you greatly improve your chances of avoiding detection until you've blown town.

Which brings me to the idea of the "bezzle." This is John Kenneth Galbraith's term for "the weeks, months, or years that elapse between the commission of the crime and its discovery." This is the period in which both the criminal and the victim feel like they're better off. The crook has the victim's money, and the victim doesn't know it. The Bezzle is that interval when you're still assuming that FTX isn't lying to you about the crazy returns they're generating for your crypto. It's the period between you getting the shrinkwrapped box with a 90% discounted PS5 in it from a guy in an alley, and getting home and discovering that it's full of bricks and styrofoam.

Big Accounting is a factory for producing bezzles at scale. The game is rigged, and they are the riggers. When banks fail and need a public bailout, chances are those banks were recently certified as healthy by one of the Big Four, whose audited bank financials failed 800 re-audits between 2009-17:

https://pluralistic.net/2020/09/28/cyberwar-tactics/#aligned-incentives

The Big Four dispute this, of course. They claim to be models of probity, adhering to the strictest possible ethical standards. This would be a lot easier to believe if KPMG hadn't been caught bribing its regulators to help its staff cheat on ethics exams:

https://www.nysscpa.org/news/publications/the-trusted-professional/article/sec-probe-finds-kpmg-auditors-cheating-on-training-exams-061819

Likewise, it would be easier to believe if their consulting arms didn't keep getting caught advising their clients on how to cheat their auditing arms:

https://pluralistic.net/2023/05/09/dingo-babysitter/#maybe-the-dingos-ate-your-nan

Big Accounting is a very weird phenomenon, even by the standards of End-Stage Capitalism. It's an organized system of millionaire-on-billionaire violence, a rare instance of the very richest people getting scammed the hardest:

https://pluralistic.net/2021/06/04/aaronsw/#crooked-ref

The collapse of accounting is such an ominous and fractally weird phenomenon, it inspired me to write a series of hard-boiled forensic accountancy novels about a two-fisted auditor named Martin Hench, starting with last year's Red Team Blues (out in paperback next week!):

https://us.macmillan.com/books/9781250865854/redteamblues

The sequel to Red Team Blues is called (what else?) The Bezzle, and part of its ice-cold revenge plot involves a disillusioned EY auditor who can't bear to be part of the scam any longer:

https://www.kickstarter.com/projects/doctorow/the-bezzle-a-martin-hench-audiobook-amazon-wont-sell

The Hench stories span a 40-year period, and are a chronicle of decades of corporate decay. Accountancy is the perfect lens for understanding our modern fraud economy. After all, it was crooked accountants who gave us the S&L crisis:

https://scholarworks.umt.edu/cgi/viewcontent.cgi?article=10130&context=etd

Crooked auditors were at the center of the Great Financial Crisis, too:

https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/

And of course, crooked auditors were behind the Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant Arthur Andersen. After Enron, Congress passed Sarbanes-Oxley (SOX), which created a new oversight board called the Public Company Accounting Oversight Board (PCAOB).

The PCAOB is a watchdog for watchdogs, charged with auditing the auditors and punishing the incompetent and corrupt among them. Writing for The American Prospect and the Revolving Door Project, Timi Iwayemi describes the long-running failure of the PCAOB to do its job:

https://prospect.org/power/2024-01-26-corporate-self-oversight/

For example: from 2003-2019, the PCAOB undertook only 18 enforcement cases – even though the PCAOB also detected more than 800 "seriously defective audits" by the Big Four. And those 18 cases were purely ornamental: the PCAOB issued a mere $6.5m in fines for all 18, even though they could have fined the accounting companies $1.6 billion:

https://www.pogo.org/investigations/how-an-agency-youve-never-heard-of-is-leaving-the-economy-at-risk

Few people are better on this subject than the investigative journalist Francine McKenna, who has just co-authored a major paper on the PCAOB:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4227295

The paper uses a new data set – documents disclosed in a 2019 criminal trial – to identify the structural forces that cause the PCAOB to be such a weak watchdog whose employees didn't merely fail to do their jobs, but actually criminally abetted the misdeeds of the companies they were supposed to be keeping honest.

They put the blame – indirectly – on the SEC. The PCAOB has three missions: protecting investors, keeping markets running smoothly, and ensuring that businesses can raise capital. These missions come into conflict. For example, declaring one of the Big Four auditors ineligible would throw markets into chaos, removing a quarter of the auditing capacity that all public firms rely on. The Big Four are the auditors for 99.7% of the S&P 500, and certify the books for the majority of all listed companies:

https://blog.auditanalytics.com/audit-fee-trends-of-sp-500/

For the first two decades of the PCAOB's existence, the SEC insisted that conflicts be resolved in ways that let the auditing firms commit fraud, because the alternative would be bad for the market.

So: rather than cultivating an adversarial relationship to the Big Four, the PCAOB effectively merged with them. Two of its board seats are reserved for accountants, and those two seats have been occupied by Big Four veterans almost without exception:

https://www.pogo.org/investigations/captured-financial-regulator-at-risk

It was no better on the SEC side. The Office of the Chief Accountant is the SEC's overseer for the PCAOB, and it, too, has operated with a revolving door between the Big Four and their watchdog (indeed, the Chief Accountant is the watchdog for the watchdog for the watchdogs!). Meanwhile, staffers from the Office of the Chief Accountant routinely rotated out of government service and into the Big Four.

This corrupt arrangement reached a crescendo in 2019, with the appointment of William Duhnke – formerly of Senator Richard Shelby's [R-AL] staff – took over as Chief Accountant. Under Duhnke's leadership, the already-toothless watchdog was first neutered, then euthanized. Duhnke fired all four heads of the PCAOB's main division and then left their seats vacant for 18 months. He slashed the agency's budget, "weakened inspection requirements and auditor independence policies, and disregarded obligations to hold Board meetings and publicize its agenda."

All that ended in 2021, when SEC chair Gary Gensler fired Duhnke and replaced him with Erica Williams, at the insistence of Bernie Sanders and Elizabeth Warren. Within a year, Williams had issued 42 enforcement actions, the largest number since 2017, levying over $11m in sanctions:

https://www.dlapiper.com/en/insights/publications/2023/01/pcaob-sets-aggressive-agenda-for-2023-what-to-expect-as-agency-enforcement-expands

She was just getting warmed up: last year, PCAOB collected $20m in fines, with five cases seeing fines in excess of $2m each, a record:

https://www.dlapiper.com/en/insights/publications/2024/01/pcaobs-enforcement-and-standard-setting-rev-up-what-to-expect-in-2024

Williams isn't shy about condemning the Big Four, publicly sounding the alarm that 40% of the 2022 audits the PCAOB reviewed were deficient, up from 34% in 2021 and 29% in 2020:

https://www.wsj.com/articles/we-audit-the-auditors-and-we-found-trouble-accountability-capital-markets-c5587f05

Under Williams, the PCAOB has enacted new, muscular rules on lead auditors' duties, and they're now consulting on a rule that will make audit inspections much faster, shortening the documentation period from 45 days to 14:

https://tax.thomsonreuters.com/news/pcaob-rulemaking-could-lead-to-more-timely-issuance-of-audit-inspection-reports/

Williams is no fire-breathing leftist. She's an alum of the SEC and a BigLaw firm, creating modest, obvious technical improvements to a key system that capitalism requires for its orderly functioning. Moreover, she is competent, able to craft regulations that are effective and enforceable. This has been a motif within the Biden administration:

https://pluralistic.net/2022/10/18/administrative-competence/#i-know-stuff

But though these improvements are decidedly moderate, they are grounded in a truly radical break from business-as-usual in the age of monopoly auditors. It's a transition from self-regulation to regulation. As @40_Years on Twitter so aptly put it: "Self regulation is to regulation as self-importance is to importance":

https://twitter.com/40_Years/status/1750025605465178260

Berliners: Otherland has added a second date (Jan 28 - THIS SUNDAY!) for my book-talk after the first one sold out - book now!

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/01/26/noclar-war/#millionaire-on-billionaire-violence

Back the Kickstarter for the audiobook of The Bezzle here!

Image: Sam Valadi (modified) https://www.flickr.com/photos/132084522@N05/17086570218/

Disco Dan (modified)

https://www.flickr.com/photos/danhogbenspics/8318883471/

CC BY 2.0: https://creativecommons.org/licenses/by/2.0/

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One state prosecutor and one civilian plaintiff have already won huge fines and damages from Donald Trump that may, with legal costs, exceed $500 million.

Trump awaits further civil and criminal liability in three other federal, state, and local indictments.

There are eerie commonalities in all these five court cases involving plaintiff E. Jean Carroll, Manhattan district attorney Alvin Bragg, New York Attorney General Letitia James, federal special counsel Jack Smith, and Fulton County district attorney Fani Willis.

One, they are either unapologetically left-wing or associated with liberal causes. They filed their legal writs in big-city, left-wing America—Atlanta, New York, Washington—where liberal judges and jury pools predominate in a manner not characteristic of the country at large.

Two, they are overtly political. Bragg, James, and Willis have either campaigned for office or raised campaign funds by promising to get or even destroy Donald Trump.

Carroll’s suit was funded by left-wing billionaire Reid Hoffman.

Smith sued to rush his court schedule in hopes of putting Trump on trial before the November election.

Three, there would not be any of these cases had Donald Trump not run for the presidency or not been a conservative.

Carroll’s suit bypassed statute of limitation restrictions by prompting the intervention of a left-wing New York legislator. He passed a special bill, allowing a one-year window to waive the statute of limitations for sexual assault claims from decades past.

Until Trump, no New York prosecutor like James had ever filed a civil suit against a business for allegedly overvaluing real estate assets to obtain loans that bank auditors approved and were paid back in full, on time, and with sizable interest profits to the lending institutions.

Alvin Bragg bootstrapped a Trump private non-disclosure agreement into a federal campaign violation in a desperate effort to find something on Trump.

Smith is also charging Trump with insurrectionary activity. But Trump had never been so charged with insurrection, much less convicted of it.

Willis strained to find a way to criminalize Trump’s complaints about his loss of Georgia in the 2020 national election. She finally came up with a racketeering charge, usually more applicable to mafiosi and drug cartels.

Four, in all these cases, the charges could have been equally applicable to fellow left-wing public figures and officials.

Joe Biden, like Trump, was accused of sexual assault decades earlier by former staffer Tara Reade. Yet Reade was torn apart by the media and the left for inconsistencies in her memory. By contrast, the wildly inconsistent and amnesiac E. Jean Carroll won $83 million from Trump.

Jack Smith created the precedent of charging former president Trump for unlawfully removing classified files to his private residence.

But the government simultaneously did not charge Joe Biden for similar offenses. Yet Biden had removed files not for two years but for more than 30. He stored them not in one location but several.

His rickety garage was a mess, not a secure family compound like Trump’s estate. Moreover, Biden did so while a senator and vice president, without any presidential authority to declassify almost any presidential document he wished.

Biden never came forward to report the crime for over thirty years—until Trump was charged. Indeed, he was caught on tape six years ago, admitting to his ghostwriter that he possessed classified files but never reported it.

Bragg might have noticed that both Hillary Clinton (fined $113,000) and Barack Obama (fined $350,000) broke campaign financing laws. Neither was subject to federal criminal charges by local prosecutors.

An array of left-wing celebrities, politicians, 2004 House Members, former Senator Barbara Boxer (D-CA), and failed Georgia gubernatorial candidate Stacey Abrams have all recently challenged elections. They sought either to delay or redo ballot counting or, on the federal level, to sidetrack electors to ignore popular votes in their respective states.

These lawfare cases are part of other efforts that were highly partisan and without merit. Recall the Trump “Russian collusion” hoax and the “Russian disinformation” laptop farce.

In another first, some blue states are suing to take Trump’s name off the ballot for “insurrection,” a crime for which he has never been charged.

Total up the deaths, damage, and length of the summer 2020 Antifa/BLM riots. Then compare the tally to the one-day January 6 riot.

The former proved far more lethal, long-lasting, and destructive. Yet very few of the 14,000 arrested rioters in 2020 were ever prosecuted, much less convicted.

By contrast, the Biden administration sought to jail hundreds for crimes allegedly committed on January 6, such as “illegal parading.”

We are entering a dangerous era in America.

Ideology and party affiliations increasingly determine guilt and punishment. Opponents are first targeted, and then laws are twisted and redefined to convict them.

The left is waging lawfare with the implicit message to political opponents: either keep quiet or suffer the consequences.

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