due diligence - stanley fischer - single arent - Comment - Israel News | Haaretz Daily Newspaper
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    • karen Vaughan
    • 05.02.13 | 12:12 (IST)

    Due diligence(without digging up the history) is something I came across in my husbands work. It was a bit of scapegoat for not getting the books balanced properly in my mind. It was really a "suiss" I thought. Perhaps it was one example of how people did not know how to double entry bookkeeping, and did not know how a computer worked. Part of the problem is abstract thinking. And if you have to drag an accountant around a factory and make sure that he knows what pigment really is and what and where it is used in order to get it allocated to the right account in the correct part of the accounts( that is where the expense is put against the production and sales e.g. then take him by the ear even if he is a Chartered Accountant and 10 or 12 years experience because we are in real trouble. So whatever everybody keeps on mentioning due diligence for; it is really a ruse, it is a mistake to write any thing off, Balance the books; at home and abroad.

    from the article: Stanley Fischer, the Israeli economy's single parent
    First published 10:07 05.02.13 | Last updated 10:07 05.02.13
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