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Interesting. Perhaps I'm being overly optimistic about companies' internal controls, but someone doing an audit should have access only to historical informatio
by matthewmcg 8y ago
Interesting. Perhaps I'm being overly optimistic about companies' internal controls, but someone doing an audit should have access only to historical information.
- yayana 8y agoDuring the Clinton administration, grace periods were changed to reflect improved technology for realtime accounting and payment. The IRS now receives a considerable amount of realtime information and payments relating to large transactions. It would be a bit strange to try to keep onsite IRS agents in the dark about something you will be reporting through the realtime system when the whole point is to avoid unfavorable costs of (accidentally?) owing the IRS a large sum for any amount of time.
- Ntrails 8y agoThe goal of embeddin the employees is to build relationships with the people working there. That's an obvious vector for non-public information to get disseminated informally. I doubt they'd regularly be getting material information from which they could profit though