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Funny you say this, my reaction upon reading it was “why wouldn’t they?” and reflecting on how I would absolutely trust an audit from a reputable company. I kn
by lawnchair_larry 6y ago
Funny you say this, my reaction upon reading it was “why wouldn’t they?” and reflecting on how I would absolutely trust an audit from a reputable company.
I know very little about accounting and company financials, but I work in security, and quickly remembered how much time I spend trying to convey to people that 3rd party compliance audits are not even worth the paper they’re written on, yet people still have confidence in them.
Kind of a Gell-Mann amnesia effect I suppose.
- deleted 6y ago[deleted]
- goatinaboat 6y agoFunny you say this, my reaction upon reading it was “why wouldn’t they?” and reflecting on how I would absolutely trust an audit from a reputable company. Every financial scam or scandal you read about in the press has at some point been signed off by a reputable accounting firm. Every single one. The unusual thing about the Enron case is that there actually was some blow-back on the accounting firm too. Business as usual is that the accountants are like teflon.