January 26th in Audit, Humour by Editor .
If Doctors Reported Like Accountants
“We’re not sure, but we think you’re unlikely to die of natural causes any time soon. — Thanks — we’ll see you next year. Be sure to pay on the way out. And have a nice day.”
Are medicine and accounting analogous? Probably. The auditors report, a fine note on the health of a company. From Re: Balance, an accounting blog, this one summed it up:
An auditor’s report tells less about a public company’s health than a doctor’s report tells about an individual – in scope, detail and precision. And if investors and other financial information users are not happy, they are doing nothing to make their dissatisfactions effectively known.
Jim Peterson
Via Going Concern
