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Indeed it is the same with Chartered Accountants. Management can make whatever decisions they think they can make, but an accountant won't inact things that ar
by jimnotgym 6y ago
Indeed it is the same with Chartered Accountants. Management can make whatever decisions they think they can make, but an accountant won't inact things that are unethical at the risk of their charter and professional standing.
- coldcode 6y agoYou really believe many people with won't violate their oaths and associations and licenses for enough money? Accountants audited Bernie Madoff and Wirecard for years and "saw nothing". Michael Jackson hired a surgeon to pump him full of drugs for $150K a month. Money > Ethics for a lot of people.
- jimnotgym 6y agoNo I don't. But it does stop a lot of blatant rule breaking where external parties can see the rules being broken. Your comment about auditors is such a common misunderstanding that it has a name, the 'expectation gap'. Auditors are not there to detect fraud.