Honour amongst thieves
Interesting to notice that Directors never get fired, no matter how badly they've screwed up.
The chief bean counter at managed services slinger Redcentric has left the business with “immediate effect” following the discovery of multi-year accounting misstatements that will cost a minimum of £10m to rectify. The London Stock Exchange-listed biz made the admission about fiscal errors to the City this morning, and the …
If I have a small business, and my accounts are goofed up by showing more profit than actually occurred, wouldn't the problems show up pretty quickly in my bank account (or equivalent)? How can large enterprises kite things for years without some one external noticing?
"How can large enterprises kite things for years without some one external noticing?"
EngineerAl, you appear to be thinking like an engineer - using facts, numbers, and logic.
You need to start thinking like some high flyers in the world of finance. Then all will become clear.
The end justifies the means.
From a Geography degree in 1986 to an Audit Manager job at Price Waterhouse for five years.
Then five years in finance roles at BT, and another five at Worldcom. Then the gigs started being shorter - with the exception of five years at Northgate, three years was the maximum in any one role.
You know where I found this don't you. And I don't even have an account.
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