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The auditors are doing by far the bulk of the work, with the government essentially just signing off on it. This has directly lead to scandals such as Enron and
by cultus 6y ago
The auditors are doing by far the bulk of the work, with the government essentially just signing off on it. This has directly lead to scandals such as Enron and possibly Wirecard.
- dnautics 6y agoYes. I don't know what you're expecting under a "small tax" burden. Did you want that tax burden to be 10x? Besides companies are still going to want to buy their own accounting services to avoid the hassle and cost of resubmission, or penalty (if you're going with an early-punitive measure). If your goal is to increase the power of the accountancy industrial complex I suppose your strategy is a good one.