Thursday, November 30, 2006

Now that Sarbanes-Oxley is under control, where will the accountants go?

Amsterdam! To the Red Light District, no less. No, this isn't a bunch of bean counting suits going to brothels and strip clubs to celebrate the end of a big project. The brothels in Amsterdam seem to have their own accounting difficulties.

In an article titled Amsterdam Curbs Prostitution 'Windows', the Guardian Unlimted writes "City officials ... are shutting down nearly a third of the 350 prostitution "windows'' in Amsterdam's famed Red Light District as part of a crackdown on crime."

Evidently, the less than stellar accounting practices in the brothels makes it hard to find "reputable accountants are often unwilling to work with them, making it difficult to keep correct books" which opens them up to illegal practices like "money-laundering, or other illegal financial activity."

So, all this is where the accountants need to go! They've got to have great work place benefits and when they have company parties - dude, they must be ragers! And I bet if the accountants got laid more, we wouldn't have policies like Sarbanes-Oxley forced down our throats.

1 comment:

Anonymous said...

As someone who has had to cope with SOX for various work projects, I am all in favor of Amsterdam outsourcing this job to America :)