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A comment on Sierra was captured, then killed, by an accounting fraud. Parent comment

Re:Sierra was captured, then killed, by an accounting fraud by lawnchair_larry on Friday October 30, 2020 @07:11PM (#24947732)
Funny you say this, my reaction upon reading it was “why wouldn’t they?” and reflecting on how I would absolutely trust an audit from a reputable company.

I know very little about accounting and company financials, but I work in security, and quickly remembered how much time I spend trying to convey to people that 3rd party compliance audits are not even worth the paper they’re written on, yet people still have confidence in them.

Kind of a Gell-Mann amnesia effect I suppose.

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Re:Sierra was captured, then killed, by an accounting fraud by goatinaboat on Saturday October 31, 2020 @04:00AM (#24949809)
Funny you say this, my reaction upon reading it was “why wouldn’t they?” and reflecting on how I would absolutely trust an audit from a reputable company.

Every financial scam or scandal you read about in the press has at some point been signed off by a reputable accounting firm. Every single one.

The unusual thing about the Enron case is that there actually was some blow-back on the accounting firm too. Business as usual is that the accountants are like teflon.

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