Tangos are for two

This troubles me. I am a chartered accountant. And today there is news that accountants EY in the Isle of Man have been selling services that appear questionable. This brings my profession into disrepute, and I am not happy about that.

When do other accountants get to complain about the Murph’s ideas bringing them into disrepute?

22 thoughts on “Tangos are for two”

  1. I know of at least one Big 4 tax partner who reads Murphy’s blog when he feels the need to get the blood pumping and become irrationally furious about something

  2. Accountants selling questionable services. Identifying the latest wheeze is what accountants do – is part of the reason we hire them.

  3. Not just ICAEW.

    “This troubles me. I am a economics lecturer. And today, as every day, there are blogs and other press comment from a professor in Political Economy at a London University which appear (to put it charitably) questionable. This brings my profession into disrepute, and I am not happy about that.”

  4. I see from his blog Murphy’s hotel in Copenhagen gives a guest the ability to tick from a whole long list of reasons why they have put the Do Not Disturb sign on their door.

    However surely the most likely reason of, “having a wank” is not a choice?

  5. Accountants being brought into disrepute, please, stop it, my sides are splitting. They are either useless twats who cost you money because of their lack of knowledge and incompetence or are crooks.

  6. He was on LBC this morning – around 7:15. Said that we should be cracking down on accountants that enable people to shift their money offshore and removing their professional accreditation – clearly acting within the law and for the betterment of your client is not acceptable behaviour nowadays

  7. He does more to bring the profession into dispute in a day than EY’s global operations have done in 10 years. Who can forget the shocking removal of the superb, and much-missed FCA Blog, unquestionably orchestrated by the rotund bastard? When the reckoning comes for him I hope he chokes on his own bs.

  8. Just saw a Legal Business article on the Paradise Papers today and this comment in it is fvcking incredible coming as it does from our friend Soapy Joe, a Tax QC. He seems to imply that judgment on potential illegality in tax is the preserve of journalists?

    What does the Bar Council think?

    ” Jolyon Maugham QC of Devereux Chambers, who has previously written for Legal Business on the Panama Papers, commented: ‘It will be good news for reputation management firms and libel lawyers.’

    However, he argued that those named in the documents should be open to scrutiny: ‘I have said that the right way to deal with this, if you think you have done nothing wrong, would be to throw the book open to an investigative journalist. If you’re not prepared to do that then you will quite rightly face criticism for your conduct.’ “

  9. @Noel

    As a chartered accountant, he is required to report this misconduct to ICAEW himself. If he hasn’t, that failure is itself a separate misconduct.

    I suggest everyone complain to ICAEW on both points.

  10. They are either useless twats who cost you money because of their lack of knowledge and incompetence or are crooks.

    One measure of one’s own competence is the ability to select and retain qualified, competent professionals. If you can’t seem to surround yourself with qualified, competent professionals, you might want to reflect on why you are running in the circles where incompetents tend to congregate.

  11. When do other accountants get to complain about the Murph’s ideas bringing them into disrepute?

    Why give him the opportunity to claim victimhood? The only thing worse than Murphy as he is would be Murphy the Martyr.

  12. One measure of one’s own competence is the ability to select and retain qualified, competent professionals.

    What complete and utter bollocks, but then it’s from DtP so no great surprise. I can select qualified professionals, but that is no guarantee of competence, be they lawyers, accountants, plumbers or electricians, and it certainly has not the slightest bearing on my own competence in my field.

  13. @DocBud
    No, in the context DtP is talking, he’s entirely correct. The buck stops here, we like to say. There’s no excuse for hiring incompetents, particularly when it’s a third party going to be getting the result. It’s no good me hiring a plumber then blaming the plumber when he can’t hack a customer’s plumbing. If one needs something done & must employ someone to do it, you’re a fool if you don’t educate yourself in at least the basics of what’s required & be able to keep an eye on what’s happening. It is, after all, your money.
    But then, I’m a professional, not a Professional..

  14. I can select qualified professionals, but that is no guarantee of competence, be they lawyers, accountants, plumbers or electricians, and it certainly has not the slightest bearing on my own competence in my field.

    If you know how to properly perform due diligence, and you’ve done proper due diligence, you should be able to identify competence in third party professionals without a whole lot of trouble.

    That you don’t seem to understand that qualifications do not equal competence (think Richard Murphy) seems to imply (at the very least) that you don’t know how to properly perform due diligence. That would be the more like explanation for the state of things for you than an entire profession being either incompetent or dishonest or both. If nothing else, remember that’s the sort of thing Richard Murphy would suggest in a similar situation, which in and of itself should give you pause for thought.

    I don’t know what your field is, but if it involves having to select and work with third parties and subordinates (’cause you will need those same due diligence skills to be able to chose truly useful subordinates), I suspect your level of self-esteem isn’t fully warranted.

  15. @DocBud

    I am neither a crook nor an incompetent useless twat.

    I’ve not come across many colleagues in my career who would match that description either.

    I’ve generally ensured my clients pay as little tax as legally possible, kept them out of trouble with HMRC and helped them achieve the success they have worked hard for.

    Far more often I have met ignorant cunts as clients or potential clients. Penny pinchers who would rather take free advice from their equally ignorant mates down the pub than be “ripped off” by paying someone with decades of experience for their advice. They don’t listen to what you tell them then whine like petulant children when it all goes wrong. They often change their accountants every couple of years as their boorish sour personality wrecks any hope of a decent working relationship.

  16. AndrewC

    “Penny pinchers who would rather take free advice from their equally ignorant mates down the pub than be “ripped off” by paying someone with decades of experience for their advice. They don’t listen to what you tell them then whine like petulant children when it all goes wrong.”

    +1000 – maybe we have the same clients??

    Bang on the money……amazing how many folks still dont get that you pretty much get what you pay for…..as my wife is wont to say “Goedkoop is duurkoop”….

  17. I’ve heard DocBud’s battlecry before…

    Usually it’s someone who’s been referred to me because they are in “financial difficulty” and “want help”. Well, the answer is always the same and the DocBuds of the world never want to hear it: Stop spending money. Lower your standard of living. Start saving money.

    They never want to hear that. When they say they “want help”, what they are really saying is “Make all my money problems go away, but don’t make me change anything.” And when you tell ’em it can’t be done, they tell you you’re a fool and stomp off.

    It’s why, whenever confronted by a potential client who wants “help” getting out of “financial difficulty”, the first thing I tell them is to cut me a check for $5,000. When they ask – always incredulously – why they should pay me $5,000 before we even get started, I simply say “I need to know if you’re serious.”

    No one’s done it yet. $5,000 is too much to pay for a scapegoat, which suits me just fine.

  18. DocBud – you select the companies you deal with. If they do not meet your requirements then find others.
    No one is choosing for you are they?

    Have chosen good professionals many times. How am I able to do that and you not?

  19. laughably he’s complaining that he’s banned from posting on icaews website. the man’s hypocisy knows no bounds.

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