4 ms·
I think this would result in really poor accounting since there’s a big disconnect between a government employer and a company being audited and its books kept.
by prepend 3y ago
I think this would result in really poor accounting since there’s a big disconnect between a government employer and a company being audited and its books kept.
In theory it works because the government auditor would be more interested in justice than corporate interests. In practice, an embedded external employee would not have the relationships to have viable information and would probably end up doing only the most perfunctory level of work to not be fired.
My org had this issue where our cyber group embedded an employee in each organization (we basically had a federation of different groups with separate funding streams and incentives) but their career ladders were disconnected from the local org. So the boss in the cyber org never really knew the work and just wanted safety. The org wanted to produce for their mission. So it led to this weird cycle where the embedded cyber person would stop stop every new project. The cyber boss was happy and promoted and gave raises. But it was bad for the org because no new projects.
- nobodyandproud 3y agoIt depends on whether accountants’ concerns here are about auditing and fining (indirectly) for non-compliance, or if they’re allowed and expected to block projects. For SEC compliance reporting, I’ve seen banks take it both very seriously and provide the absolute minimum to pass muster such that the COs could barely do their jobs. What’s clear is that the “same old” and “reasonable” approaches aren’t working, and a disruption is needed.