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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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Date: 2014-01-18 01:21 am (UTC)
From: [identity profile] fin9901.livejournal.com
It reminds me somewhat of a fellow grad student of mine, who upon being told that for the class he was teaching he had to put his cheating policy in the class syllabus that's handed out the first day, put: "Cheaters will be killed and eaten."

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