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A comment on Accountancy used to be boring and safe, but today it’s neither. Parent comment

Re:Accountancy used to be boring and safe, but today it’s ne... by bigjimmyk3 on Wednesday May 30, 2018 @05:53PM (#17192215)
What Tyrek said.

Also, I could have phrased it better as "assurance that the company's financial statements accurately portray the activity in their accounting ledger(s)." An audit is about matching the financial statements to "the books" rather than looking for impropriety.

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Re:Accountancy used to be boring and safe, but today it’s ne... by 0003 on Wednesday May 30, 2018 @10:49PM (#17193582)
Audits also check that the book's transactions are correct, but this is done through a risk based approach. In my opinion, most practitioners do not understand risk quite well enough.
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