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:

[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’ anymore; interpretations mushroomed. Which is why exactitude of the summaries in the annual figures isn’t anything important per se anymore, and the fuzzy representation of performance is.
Along came many more types of accountants, of auditors even. Though some may narrowmindedly think all ‘auditors’ are actually the external certifying accountant type, they are dead wrong.
Continue reading “Account your blessings, or not.”
































