Siddimaula

sundusg_ Wrote:
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> so the management is supposed to be an expert on
> understating expenses and overstating profits and
> what not to, say, meet debt covenants? they need
> the accountants to do it for them

actually yes they are

Enron scandal was a product of Jeff Skilling and Kenneth Lay not the accountants. They just did what these guys told them to do.

You are thinking too highly of accountants. They are like what pharmacists are in the healtcare world, pill counters. They think they are as valuable as a doctor but we all know they are worthless. I guess the only reason their salaries are so high is to prevent them from selling the expensive prescriptions illegally on the street.