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From a comment in a blogpost about Chinese fraudsters, a somewhat related note about the ISO certification regime:
ISO900x - which sounded grand, but all it did was to say you had a repeatable process (so if your process was to dump every client complaint into a waste basket, and you could prove that no-one ever did anything else, you'd be ISO9000 for customer complaints procedures).

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Date: 2014-01-15 02:42 pm (UTC)
From: [identity profile] achinhibitor.livejournal.com
If the blogger is right, and auditors do not attest that the books are free of fraud -- then what is the point of auditors? Is not the point of auditing to certify that the company is as it is portrayed in the annual report?

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