Three Wishes Gone

Three partners in an accounting firm go out to lunch. They are the audit partner, the tax partner and the senior partner. One of them sees a brass lamp lying in the gutter. Curious, they pick it up and give it a rub. Instantly, a genie appears.”You know the deal,” says the genie. “Three wishes. But seeing there are three of you, you can have one wish each.””Great,” says the audit partner. “Take me to the Whitsunday Islands, give me a blonde and an endless supply of wine and leave me there for ever.”Pouf! There is a flash of light, a puff of smoke and he is gone.”Now me,” says the tax partner. “Take me to the Cook Islands, give me two blondes and an endless supply of offshore tax schemes and leave me there for ever.”Pouf! There is a flash of light, a puff of smoke and he is gone.The genie turns to the senior partner. “And what do you want?””I want those two ba ck in the office straight after lunch.”

 

Generally Accepted Accounting Principles

 

Ethics

A partner is discussing ethics policy with the staff accountant.  He says “We take ethics very seriously around here.  Remember, we are professionals not businessmen.”  The young staff accountant is impressed.   The partner elaborates “Yesterday I received a check from a client.  It paid $5,000 more than our bill.  Immediately an ethical question arose, shall I tell it to other partners?”