Lynn Turner, a former S.E.C. chief accountant, points out that the agency actually has an office of risk management, which was established a few years ago when William Donaldson was the chairman.
Sidney Kess, a New York tax lawyer and accountant, points out that no tax is due on income from renting out your home for fewer than 15 days a year.
Accountant PricewaterhouseCooper points out that the starting rate is now barely one and a half times' average earnings.
Well, most of us are happily conducting day-to-day banking over the internet and, as Daniel Rissen of chartered accountants businessorchard.com points out, "the security issues are the same as with locally hosted systems – unless your business doesn't have an internet connection.
Paul Gillis, a former accountant now teaching at Peking University, points out that if the Chinese accountants are not audited by the PCAOB, the agency may be forced to deregister them all.
As Richard Breeden, a former chairman, points out, the S.E.C. needs more accountants to review the filings companies make.
The Karnataka experiment, he points out, has had mixed results elsewhere in India, perhaps because accountants will not be fooled twice.
And once nurses or doctors (or accountants or teachers) have been struck off a professional register, their careers are effectively over.Simon Fenton, an employment lawyer at Thomas Eggar, a law firm, points out another unintended consequence of the rules.
They are vigorously denied by the investment manager, Arch Financial Products, which points out that its offices have not been raided by the SFO and that a series of checks by accountants PricewaterhouseCoopers have found nothing untoward in its behaviour.
He points out the window.
Plus, he points out, he still needs to pay "substantial portions of the revenue to other people," including Apple, Ghostery, to taxes, a designer, lawyer, and accountant.
