It is a good post and most of what you said is correct. But from my experience that I've had of one specific company that had been around for over 20+ years making millions and the CEO was well-known and a prominent member of our state and I went to work for them. It took me less than 2 months to figure out that there was something funny with the accounting. I had quit a few weeks after that. But during the time that I was working there, there was a team of auditors doing audit and they didn't catch anything. The company because bankrupt within 4 years after. FBI was involved, etc...
Like I've said before, accounting is VERY important.
That being said, I really do like the technology. They do have a patent on it.