Posted on Jun 25, 2011
I enjoy working with new auditors, in part because they so often see the world in terms of clear black-and-white issues. “Should we do an audit?” “Should we issue a finding?” “Am I maintaining a healthy degree of professional skepticism?” For many new auditors, each yes-or-no question points unerringly to a single correct answer.
continue reading...Posted on Jun 6, 2011
The global financial crisis has played out over the past two years like a “slow motion” train wreck. Following the spectacular implosions of iconic financial services organizations in 2008, dominoes have continued to fall in predictable order. As the world slid deeper into financial crisis, the plight of the world’s governments was frightening. Tax and other revenues plummeted while the demands for social and related services rose. The results have been spiraling deficits and crushing levels of debt.
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