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0 pointsbhouston2y ago0 comments

Failing an audit doesn’t mean there is crime.

But it is like a smoke alarm going off. It doesn’t mean there is a fire but there could be.

This company is so big that it should have a mature infrastructure for this type of thing. It is quite strange and thus suspicious that it is running its business is a haphazard way that it can not be effectively audited.

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wslh2y ago

Not clearly explaining the financials to an auditor by a big amount is an alarm and the CFO should clearly state why this is happening.

amne2y ago

What does it mean to be "effectively audited"? Is my spreadsheet missing a pivot table?

Let's just remember that most bureaucracy exists so that only those who persevere can make it to the other side. And even then if you bother the wrong people there's more bureaucracy to harass you with.

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