Account your blessings, or not.

Was re-thinking this when I realized I already put out this post earlier…:

Maverisk

Accountants of the certifying kind are still searching for their purpose. In life but moreover, in business reality.
Which isn’t too strange. They exist only for a couple of centuries, so at the speed of thinking they do, now is about the right time to do a second round of thought about their role.

First, a picture to freshen the mind:
DSCN1240
[Memento for outdatedness..?]

To start off, accountants [from here, I presume them to refer to the external auditors of the annual financial statements] were involved in checking all detailed financial data as well as seeing these represented in a standardised form into the annual statements. These annual statements had not very, very much flexibility, (so / because) any statement’s line item had a quite limited interpretation space. Sort of XBRL avant la lettre, in practice.
But since, data representation standards have complexified so much that there is no ‘standard’…

View original post 798 more words

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About maverisk

Maverisk Consultancy, IS Audit and Advisory services: Wikinomics meets governance and audit; otherwise, see my personal LinkedIn profile
This entry was posted in ERM, GRC, Information Risk Management, Innovation (technologicallly driven), Innovation, economics, society at large. Bookmark the permalink.

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