We will be studying advanced auditing next  semester. We need go no further than the Dallas Indpenedent School District to see example after example of the failure of good internal control, and the result. Now we find that DISD has issued fake social security numbers. DISD did this to put foreign workers on the payroll…

Looks like 15,000 moer unemplolyed since April, the slow down is starting to hit San Antonio. However that is up from 3.6 to 5.0%, so we are in much better shape than the national stats.

Okay gripes about the bailout aside, the injection of money has brought LIBOR rates down and calmed the commercial paper market. The stock market is going down simply because people are selling too late.  This morning Larry Fink CEO of Blackrock made a constructive suggestion, but first let's talk accounting. When a bank making a…

John Stossel takes issue with the idea that government can 'fix'  whatever is wrong with the economy.  On CNBC this morning the owner of a California bank took issue with the idea that the bailout was working. I did not catch the name of the bank but the principal asked How come Warren Buffet is getting 10% and 100% warrant coverage…

I don't thnk we will get rich by washing one another's hair or cooking hamburgers for one another. Ann Richards I believe Anne will eventually be proved to be correct as the current financial crisis is suggesting. Pat Buchanan takes a look at the export import situation vis a vis Chna and the US. I suggest…

The Crisis Explained – Really by rdf Thu Sep 25th, 2008 at 10:24:14 AM EST Analogies are never perfect, but here's one using horse racing. Don't expect a perfect correspondence to the banking situation, but I think it is close enough for government work. Joe goes to the track and bets $2 on a horse.…

  Professor Wayne coleman receives his award for research as  a PhD Professor. The annual ceremony, Doctoral Achievement Awards,  was sponsored by the San Antonio Westside chamber of Commerce. S A A & M was out in force for the october 30, 2008 ceremony held at the Menger Hotel.   Our group gathers in the foyer…

Veronica Onate, Isabel Amesquita, and Yovela Rico along with yours truly attended an informative meeting Friday November 7, 2008 -  Everything You Wanted to Know about Becoming a CPA. A four member panel featured CPAs with various backgrounds. Ed Polansky, past President of Texas CPAs, was present, bringing 40 years of insight about the profession.…

Ed Polansky will speak at the Friday night meeting at SA CPA. Click the hyperlinks for more information. Ed is a former President of the Texas Society so he is certainly well connected and in a position to see where this profession is going. We urge you to take advantage of this opportunity Free pizza Free info…

San Antonio has the lowest four year tuition in San  Antonio, good thing. College across the nation continue to act as though demand for their product is totally inelastic.  That is no matter the price, consumers will pay it. I wonder. The cost of college has escalated  faster than the salary has risen from obtaining that…