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re: What are some fun facts about the business you’re in we might not know?

Posted on 3/28/25 at 9:21 am to
Posted by Mstate
Birmingham
Member since Nov 2009
10117 posts
Posted on 3/28/25 at 9:21 am to
quote:

the majority of the work done to detect misstatement on the financial statements of public corporations is conducted by recent college grads in their early 20's


That are severely overworked and pushing through on copious amount of caffeine and nicotine.
Posted by Sterling Archer
Member since Aug 2012
7866 posts
Posted on 3/28/25 at 9:36 am to
No longer a Big 4 auditor but 95% of the grunt work involved with auditing the largest companies in the world are done by kids 0-3 years out of college.
Posted by WigSplitta22
The Bottom
Member since Apr 2014
2037 posts
Posted on 3/28/25 at 10:16 am to
quote:

Hoes still being misled



I think they are called "punks" in your neck of the woods
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 3/28/25 at 10:23 am to
quote:

The real reason that manufacturing is cheaper in Asia has nothing to do with labor. It's ironically because Asians have invested in automation much more aggressively than we have. And they have lower cost of capital. Even their mom and pop owned factories are way ahead of their US counterparts in the age and sophistication of their equipment


No automation here.

They don't even used decent pad printing machines. They just put in more single colors with another person to operate each one.
Posted by 777Tiger
Member since Mar 2011
82735 posts
Posted on 3/28/25 at 10:28 am to
quote:

but 95% of the grunt work involved with auditing the largest companies in the world are done by kids 0-3 years out of college.


pretty typical
Posted by Donkus
Shreveport
Member since Feb 2013
1174 posts
Posted on 3/28/25 at 10:37 am to
There are places, many ones that host your children and elderly, that are still using fire and life safety apparatus from 60+ years ago.
Posted by GEAUXLPOST
Member since Sep 2012
1432 posts
Posted on 3/28/25 at 10:44 am to
As a departure from all the o&g and auditing:

We have a sector that is responsible for the training, care, and deployment of marine mammals as assets (mostly dolphin and sea lions). Mostly used for underwater geotagging of mines and underwater explosives. They are able to clear channels and passageways prior to deployment of ships. Deployable anywhere in the world in under 72 hours. We haven't lost one yet, either by death or not coming back. The sea lion's specialty is very dirty water.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
86429 posts
Posted on 3/28/25 at 10:48 am to
Nothing to add, but this is a great thread with some knowledgeable people contributing. I'd like to see more of this kind of traction personally.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38743 posts
Posted on 3/28/25 at 10:57 am to
if you have a lot of high-pressure cylinders around your plant, you can probably find one with a square make on it that looks like 4-square court. Seen below.

Worthington's plant was taken over by the nazi's and used their plant to make artillery shells. The cylinder plant was WW1 artillery manufacture that was retrofited to make high pressure cylinders post war.



Posted by mmmmmbeeer
ATL
Member since Nov 2014
8767 posts
Posted on 3/28/25 at 10:59 am to
We know how to train AI, make AI more efficient, make it "smarter", but we don't know how deep learning actually works.

Posted by El Segundo Guy
SE OK
Member since Aug 2014
10830 posts
Posted on 3/28/25 at 11:00 am to
Well let's see.

My jobs are fishing, woodworking and smoking a ton of weed. Not so fun fact--striper fishing is the worst time oof the year right now on Texoma. The bug ones are all way up river spawning.

As far as woodworking goes, here's a fun fact. If you have anything in your house that has anything MDF, you are trash as frick.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
69521 posts
Posted on 3/28/25 at 11:01 am to
(putting aside our differences)

how come? is there no way to test the depth of knowledge or how knowledge is rationalized by AI? Does this concern you?
Posted by mmmmmbeeer
ATL
Member since Nov 2014
8767 posts
Posted on 3/28/25 at 11:08 am to
quote:

how come? is there no way to test the depth of knowledge or how knowledge is rationalized by AI? Does this concern you?


We don't understand how it makes the connections it makes.

AI is, for all intents and purposes, built to work similarly to a human brain. In the brain we know we have neurons firing all over the place, somehow storing information, making calculations, making decisions, etc. But we don't know HOW all that happens. We can make educated guesses, but we don't definitively KNOW.

It's the same with AI. We know how it reacts to the data we feed it and how to feed it, but we really don't understand how it's "neural" network works, either.


And yes, I find it concerning. We have no global initiative to regulate AI development, no rules to say if a model does X, we must shut it down immediately. With so much ambiguity in how AI arrives at its decisions, do we really want to trust it to manage complex systems our daily lives depend upon?

ETA: I do not work for an AI company but I do work hand-in-hand with a small AI company to train their models to perform advanced functions for my employer. I'm far from an AI expert but am more familiar than the average bear.
This post was edited on 3/28/25 at 11:11 am
Posted by redneck hippie
Stillwater
Member since Dec 2008
5992 posts
Posted on 3/28/25 at 11:09 am to
quote:

if you have a lot of high-pressure cylinders around your plant, you can probably find one with a square make on it that looks like 4-square court. Seen below.


Oldest I’ve seen currently in use is 1917, and I saw it just a few weeks ago. I see them from the 30s and 40s all the time.
Almost all the old “swaztika” cylinders are from Linde, a German company and inventor of packaged gas. Also typically in CO2 service, as that’s where bottles go to die.
Posted by TheDeathValley
New Orleans, LA
Member since Sep 2010
18917 posts
Posted on 3/28/25 at 11:12 am to
quote:

Opportunity? You mean sitting in a classroom and listening to a teacher speak to learn things? Yeah, that's what we did.



Well you pointed out going to “college prep classes”. You don't have to be smart to go to a private school or a catholic school - you have to have money.

You objectively got a better education, but that doesn’t equate to intelligence.

Seeing how you proudly claim you are “smarter” than everyone else, it is not worth the argument.

This post was edited on 3/28/25 at 11:16 am
Posted by 777Tiger
Member since Mar 2011
82735 posts
Posted on 3/28/25 at 11:12 am to
quote:

We have a sector that is responsible for the training, care, and deployment of marine mammals as assets (mostly dolphin and sea lions). Mostly used for underwater geotagging of mines and underwater explosives. They are able to clear channels and passageways prior to deployment of ships. Deployable anywhere in the world in under 72 hours. We haven't lost one yet, either by death or not coming back. The sea lion's specialty is very dirty water.


that's pretty cool
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38743 posts
Posted on 3/28/25 at 11:22 am to
quote:

Oldest I’ve seen currently in use is 1917, and I saw it just a few weeks ago. I see them from the 30s and 40s all the time.



it is a bit of a problem for cylinder manufacturers. The cylinders are in service too long, and they are starting to roll cylinders with shorter lifespans so they can sell more. Selling it as lighter cylinders, which has some value when you loading trucks with packs. Still sucks to see planned obsolescence creep into a product that has a long useful life

the real issue is china is kicking their arse with cheap steal and they have no way to have enough added value to compete in poorer countries.
Posted by LemmyLives
Texas
Member since Mar 2019
9995 posts
Posted on 3/28/25 at 11:25 am to
quote:

auditing the largest companies in the world are done by kids 0-3 years out of college

And reviewed by managers 4-5 years out of college, lol.

Oh well, a lot of that work will transition to being done in India in the next 5 years anyway. ETA: Offshore accounting job pay. About 70-90% less than floppy haired UGA grads.
This post was edited on 3/28/25 at 11:28 am
Posted by redneck hippie
Stillwater
Member since Dec 2008
5992 posts
Posted on 3/28/25 at 11:29 am to
quote:

Dire Wolf


Interesting. Sounds like we work in the same industry. And oddly are both Grateful Dead fans
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38743 posts
Posted on 3/28/25 at 11:34 am to
quote:

Interesting. Sounds like we work in the same industry. And oddly are both Grateful Dead fans



an old timer gas guy I know was a rep for air products or linde in the north east back in the day, forget which. Their location did a bunch of medical gases

Every time the dead and later phish would roll into town the DEA would stop by to take inventory of nitrous to make sure they weren't moving any cylinders under the table or they didn't have anything stolen by the nitrous mafia.

The old tymer was like "why would anyone do nitrous at a concrete? apparently it is big business" i just had to keep my mouth shut
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