4 ms·
What is clear about this is that the system couldn't even balance the books (which has been obvious for years, to anyone in the UK following the story). If the
by zh3 3y ago
What is clear about this is that the system couldn't even balance the books (which has been obvious for years, to anyone in the UK following the story).
If the computer says "You took £x thousand and only banked £Y thousand", the first thing to do is audit the receipts and (unless there were fraudulent entries being made, while noting this was allegedly not possible) as the first rule of forensic accounting is 'follow the money'.
What's so bad here is that the executives of a well respected UK institution acted purely from a profit/reputational motive, and dug themselves deeper and deeper into the hole as a result.
More scarey part of this is that it's Minority Report - "Computer says you're guilty, end of story". Positive take would be the courts are less likely to believe the 'computers are infallible' line in the future.