But in an environment where using one's judgment leaves them open to being sued, auditors will take the most conservative positions possible.
More Quotes from David Chavern:
The push to prosecute companies and make the next settlement bigger than the last has taken on a life of its own.David Chavern
There are companies being told they have tens of thousands of material financial controls that have to be attested to, which on its very face is absurd. They can't all be material.
David Chavern
It's important to ask what are we spending all this money for, and are we creating the benefit desired It's legitimate to say probably not.
David Chavern
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