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Monday, December 13, 2021 9:32:23 PM
Well I’m not an expert in accounting and auditing, but I am in business and I can tell you with my real life experiences. When I submit my information to my accountant, he almost questions nothing, verifies nothing pretty much, because he either takes my word for it, or knows that I am responsible for the outcome and just files the paperwork in which ever way I tell him to.
I have worked with an auditor however, and they don’t take a single word I say as truth. They badger and hound me for EVERYTHING! They don’t take my word for anything! And I’m just an individual
So I have a very hard time believing that an auditor whose job and livelihood hinges on them following the letter of the law to the T, just blindly excepting anything the CEO of a public company says. Based on my actual real life experience, not theory, not me pretending to be an expert, but REAL life experience over many times and many years, what you are saying is incorrect
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