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0 pointsbriandear2y ago0 comments

Sounds like there is the opportunity. An ERP that can eliminate the need for auditors. Then it won’t matter what the auditors think. Auditing isn’t some black magic. It’s a set of rules. Rules a machine can follow.

0 comments

hef198982y ago

A machine controlled by the audited company. Audits are there to minimize the risk of companies cooking the books.

You never went through an audit, did you?

tolien2y ago

> A machine controlled by the audited company. Audits are there to minimize the risk of companies cooking the books

Sounds like the pitch Fujitsu made to the Post Office for Horizon. That worked out so well!

hef198982y ago

Rounding errors, simple rounding errors. Nothing to see here.

lelanthran2y ago

> Sounds like there is the opportunity. An ERP that can eliminate the need for auditors.

You cannot eliminate the need for auditors - the need is for someone to go through the system and make sure that no one is cooking the books.

Hence, an independent third party does the audit.

skeeter20202y ago

"Auditing isn’t some black magic. It’s a set of rules"

This is not true. Auditing is half assurance and half insurance. It has nothing to do with the actual results of a bunch of rules and checks.

j / k navigate · click thread line to collapse

0 comments

hef198982y ago

A machine controlled by the audited company. Audits are there to minimize the risk of companies cooking the books.

You never went through an audit, did you?

tolien2y ago

> A machine controlled by the audited company. Audits are there to minimize the risk of companies cooking the books

Sounds like the pitch Fujitsu made to the Post Office for Horizon. That worked out so well!

hef198982y ago

Rounding errors, simple rounding errors. Nothing to see here.

lelanthran2y ago

> Sounds like there is the opportunity. An ERP that can eliminate the need for auditors.

You cannot eliminate the need for auditors - the need is for someone to go through the system and make sure that no one is cooking the books.

Hence, an independent third party does the audit.

skeeter20202y ago

"Auditing isn’t some black magic. It’s a set of rules"

This is not true. Auditing is half assurance and half insurance. It has nothing to do with the actual results of a bunch of rules and checks.

j / k navigate · click thread line to collapse