So true. The world has changed and not for the better. I remember when accountants and auditors were supposed to be the scorekeepers and referees. Now, both are cheerleaders unwilling to be a backstop against aggressive accounting (at best) and malfeasance (at worst). Investors have been left to fend for themselves. Both have become a commodity with the march toward the lowest, rankest possible level of service. Sooner or later, we all will pay the price.
So true. The world has changed and not for the better. I remember when accountants and auditors were supposed to be the scorekeepers and referees. Now, both are cheerleaders unwilling to be a backstop against aggressive accounting (at best) and malfeasance (at worst). Investors have been left to fend for themselves. Both have become a commodity with the march toward the lowest, rankest possible level of service. Sooner or later, we all will pay the price.