re: What industry “secret” do you know that most people don’t?

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External audits of financial statements of trillion and billion dollar companies are largely worked on by 23 year old kids fresh out of college

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On this note, the audit opinion always references the financial statements being “materially correct.” That is usually a percentage of net assets or revenues. 2% of net assets isn’t uncommon. Depending on the size of the company, this can be 10s or even 100s of millions of dollars.