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August 16, 2009

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Larry Davis

To continue the military metaphor, a wise man once defined an auditor as someone who stalks the battlefield after the smoke has cleared, bayoneting the wounded. And what of audit failures? The motto remains "caveat emptor" in that an audit provides some basic level of comfort, but does not relieve the reader of the report from performing his own due diligence. Financial standards are rarely enacted without at least one dissenting opinion from a learned member of the accounting profession - perhaps s/he is the one who is correct! Read the report, absorb the nuances, reach your own conclusions.

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  • © 2007-2019 James R Peterson Special thanks: Francine McKenna. Always with love: Kat and Julie. In memory: Bob White, Stuart Kadison