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Bean Counters as an Economic Threat
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hobbyguy
- Buddha of the Board
- Posts: 15050
- Joined: Jan 20th, 2011, 8:10 pm
Bean Counters as an Economic Threat
http://www.abc.net.au/news/2018-07-12/richard-brooks-accountants-who-broke-capitalism/9971084
"When the story of the next global financial crisis is written, few would imagine grey-suited accountants in the role of villain.
But the stereotype of accounting being boring belies how important the profession has become to everyday life.
Much of the modern economy relies on the work of auditors: the accountants who independently verify a company's financial records.
This work is crucial in providing accurate reports to shareholders and, ultimately, for safeguarding the economy at large.
Recent scandals and financial crises have shown that accounting failure can easily lead to thousands of job losses and billions of dollars in bail-outs, says author and award-winning journalist Richard Brooks."
Some food for thought. Bean counters, necessary, but....
"When the story of the next global financial crisis is written, few would imagine grey-suited accountants in the role of villain.
But the stereotype of accounting being boring belies how important the profession has become to everyday life.
Much of the modern economy relies on the work of auditors: the accountants who independently verify a company's financial records.
This work is crucial in providing accurate reports to shareholders and, ultimately, for safeguarding the economy at large.
Recent scandals and financial crises have shown that accounting failure can easily lead to thousands of job losses and billions of dollars in bail-outs, says author and award-winning journalist Richard Brooks."
Some food for thought. Bean counters, necessary, but....
The middle path - everything in moderation, and everything in its time and order.
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Queen K
- Queen of the Castle
- Posts: 70708
- Joined: Jan 31st, 2007, 11:39 am
Re: Bean Counters as an Economic Threat
I think their villians.
Do accountants ever ever have fun? Ever?
Hard to let short hair down.
Do accountants ever ever have fun? Ever?
Hard to let short hair down.
As WW3 develops, no one is going to be dissing the "preppers." What have you done?
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bob vernon
- Lord of the Board
- Posts: 4426
- Joined: Oct 27th, 2008, 10:37 am
Re: Bean Counters as an Economic Threat
Who needs accountants to determine how things are going? Just let the free enterprise do the job that God intended: survival of the fittest.