RFF Webinar, page-111

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    Investment analysis? Due diligence? Consulting and considering alternative opinions?

    Where does this psychological insurance policy of audited accounts come from?

    You understand auditor don't actually go over everything with a fine tooth comb right? They don't look at every transaction and every account, they take samples and a lot of facts and figures for granted. They have degrees of freedom within the scope of their work and are allowed to have areas of discrepancies while still being able to sign off.

    I suggest you all actually go and meet a corporate auditor and see just what they actually do, you may be shocked.
 
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