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Maybe a couple that come to mind: > Businesses reporting GAAP vs before GAAP existed. > Businesses working towards ISO / SOC type certifications vs before the
by vasco 5y ago
Maybe a couple that come to mind:
> Businesses reporting GAAP vs before GAAP existed.
> Businesses working towards ISO / SOC type certifications vs before these existed
Just those two things, financial regulations and compliance frameworks have made businesses operate much more similarly in broad strokes than before these existed. The original argument you replied to is that over time, businesses have become more similar, and I think these things have made businesses way more similar. You're a public company you report on the same metrics now. Before there was any regulation or even a stock market, businesses operated way more differently and you would have to learn everything by being there.
- Aloha 5y agoI've worked in ISO companies and non-ISO companies. ISO 9000 (I think 9000, it might be 9001) is less about standardization and more about documentation - you can use any process you want to produce a result provided it is adequately documented, and reproducible, the process can be anything you like so long as its a documented one. Similarly, you can deviate from that process all you like, provided you document those exceptions and why they were made.