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Madoff Trustee "Proves" Accounting is Better Profession

By Edward Mendlowitz, CPA/ABV/PFS/CFF posted 04-22-2011 09:43 PM

  

Madoff Trustee “proves” accounting is better profession

Madoff Trustee Irving Picard had 955 chargeable hours from Oct 1, 2010 thru Jan 31, 2011 - Four months that included Thanksgiving, Christmas and New Years. It seems like he doesn’t have much of a personal life.

His firm had 116,399 during that same period – if the lawyers there also worked 955 hours each it would mean that 122 people worked on this account – also with not much of a personal life.

I always knew accounting was the better profession……….
Ed Mendlowitz, Partner
WithumSmith+Brown

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