In Accounting, Tough Review Is Part of the Job. But How Tough Is Too Tough?

Shayne Kuhaneck still remembers the review that could have ended his accounting career before it really started.

Nearly 20 years ago, Kuhaneck was a junior staffer at the Financial Accounting Standards Board, trying to prove he belonged among some of the sharpest technical accountants in the country. Then his first big technical memo came back from an International Accounting Standards Board director with a line brutal enough to stop a career cold.

“Halfway through reading this memo I lost the will to live,” the director told him.

Then came the kicker: “I think it needs some work.”

Kuhaneck, now chief accounting officer at Rippling, recently shared the story on LinkedIn. His verdict today: the comment was harsh—but not wrong.

“That was rough,” he wrote. “But he was right.”

To dig deeper, visit the original article on the Thomson Reuters blog.

  • FASB members spend the bulk of their days thinking of ways to torment auditors and flummox financial statement users.