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It was never clear how more accounting and reporting regulations were supposed to squelch fraud. Really? That one seems pretty obvious to me. Standardized ac
by michael_dorfman 17y ago
It was never clear how more accounting and reporting regulations were supposed to squelch fraud.
Really? That one seems pretty obvious to me. Standardized accounting practices and more transparency via required reporting makes fraud harder to commit and easier to detect. The reductio ad absurdam almost writes itself.
- dkarl 17y agoPlus, many of the new rules were targeted at kinds of fraud that have actually been perpetrated. If you don't patch a security hole, people won't get tired of exploiting it. They'll just keep on exploiting it until you do something to make it harder or more dangerous.