audit means "your numbers look accurate based on how they were presented" which is different from legal and forensic audit which involves calling customers and performing actual onsite inventory inspections, reviewing actual bank records.
it's why these knuckleheads go nowhere. theres a big difference between "shade tree auditor with a license" and a forensic. my partners in beijing were going to IPO a company and decided to do one last check. something didn't smell right. we went to HQ and asked them to pull their bank records. at the upper left corner of the screen was a http://C:/...
they had fake statements and we went to the next room they had a room full of guys adding financial transactions in REAL TIME for our team and were posting the "bank statements" to their "C" drive in the same frigging office!
these "audited" financials aren't worth toilet paper. not worth USED toilet paper. guaranteed.
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