Paul Peterson: Audit Partner


Q and A

Q. What is it about accounting and consulting that first drew your interest?

It actually came easy to me and I just liked it. It was an opportunity to use my skills in a way that could be helpful to others.

Q. Describe your most memorable Armanino moment.

The first time I pulled an all-nighter with Joe Moore, our former managing partner. I remember him at 11:30 p.m. saying something like "Okay, it looks like we will be here for awhile. Shall we get dinner?" The only nearby business that was open turned out to be a 7-11. We dined on chips and donuts that night.

Q. What's the toughest business decision that you've ever made?

Leaving the apparent stability of working for a Big Six accounting firm to join AMLLP which, at that time, was a local, 40-person firm. Since then, one Big Six member is gone and others have undergone mergers. In contrast, AMLLP has grown 500%. It just goes to show that in a dynamic economy, what may appear to be the safe path or the risky path is not necessarily so.

Q. What accounting law or regulation would you like to see changed?

I'd do away with employee income tax withholdings and make everyone pay their own taxes quarterly, so they would really see how much they're actually paying to the government.

Q. What's it like working for a company that's been around for so long?

All of my clients can finally pronounce the name "Armanino."

Q. Who is/was the most influential person in your life?

My dad. He was honest, humble, and kind. He always did the right thing and spent time with his family; he never put making money ahead of family.

Beyond the Boardroom

Deserted island wish list:

Boat, fishing tackle, FASBs, a stack of great books, iPod, and a generator to re-charge it.

Favorite vacation:

A surprise trip to Disneyland with the kids. Every couple of years we wake them up at the crack of dawn and just go.

Quotable quote:

"I know in my heart that man is good.That what is right will always eventually triumph. And there's purpose and worth to each and every life."- Ronald Reagan

Most prized possession:

My late brother's guitar.

All-time top 5 CDs:

  • The Beatles – Abbey Road
  • Madeleine Peyroux – Careless Love
  • Jack Johnson – On and On
  • Ricky Skaggs and Kentucky Thunder – Bluegrass Rules!
  • Keb' Mo' – Keep It Simple

Word that best describes you: