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The Unsung Heroes of Capitalism: How GOOD Auditors are the Only Thing Between You & Homelessness
With the rising popularity of DIY-accounting platforms like QuickBooks, it’s becoming increasingly common to believe accountants are a luxury most companies can skimp out on to save some money. But accountants aren’t just luxury corporate accessories. They could be the difference between your success and your financial ruin, just like they were for these huge companies, who took the risk of fudging the books and got burned.
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🎬Video Credits:
Narrator - Pat
Editors - Kshitiz, Shantanu koli
Writer - Alex
Quality Control - Dan
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Chapters:
0:00 Introduction
1:08 What Do Accountants Do?
5:49 The Enron Scandal
11:53 Lehman Brothers Collapse
16:27 The WorldCom Scandal
20:41 FTX Collapse
24:25 Conclusions
24:58 Outro
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