Most IT auditors I've dealt with recently cut their IT teeth on non-mainframe
platforms and have no clue as to how the mainframe works. Therefore, they push
for rules that are silly, limit productivity, and even create exposures that
don't exist on the mainframe. Even the young one I worked with in 1991, had no
clue about the mainframe. Just because someone puts auditor next to their name,
doesn't suddenly make them an auditor. And as was seen during the 90's, fraud
was pretty frequent among the big 6. In Phar Mor's case, the fraud was covered
up by making one of the Cooper and Lybrand managers an executive for Phar Mor.
Yes, there was Phar Mor than met the eye.
2 other executives also got prison time.
On Tuesday, February 23, 2021, 12:04:33 PM EST, ITschak Mugzach
<[email protected]> wrote:
Nice story. However I think the discussion is limited to IT status auditing.
ITschak
ITschak Mugzach
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On Tue, Feb 23, 2021 at 6:49 PM Bill Johnson <
[email protected]> wrote:
> I worked for a company 30 years ago that at the time was part of the
> largest fraud in corporate history. The CEO and executives had 2 sets of
> books. The auditors were actively involved with the fraud. Anyone who has
> been around for a few decades remembers that a number of the big 6 auditing
> firms were involved with fraudulent corporate activities. The company was
> Phar Mor. The CEO was Mickey Monus who went to prison for 10 years. The
> auditing firm was Coopers and Lybrand. I worked with some of the people
> from Deloite who came in to help clean up the bankruptcy that ensued from
> the fraud. I ran reports using Easytrieve to tally up the almost 500
> million in debt we had no intention of paying. Many of the "auditors" who
> were running around the corporate office like rats in a sinking ship were
> only there to extract $200 an hour from the Debtor in Possession financing
> that bankrupt companies acquire. The one "auditor" I worked with was barely
> out of college and was computer illiterate. Her accounting skills were
> limited as well.
> IBM fanboy
>
> On Tuesday, February 23, 2021, 9:40:02 AM EST, Radoslaw Skorupka <
> [email protected]> wrote:
>
> W dniu 23.02.2021 o 00:44, Radoslaw Skorupka pisze:
> > W dniu 21.02.2021 o 19:55, Paul Gilmartin pisze:
> >> On Sun, 21 Feb 2021 18:23:03 +0100, Radoslaw Skorupka wrote:
> >>>> ...
> >>>> When the only tool you've mastered is printscreen, everything
> >>>> looks like a bitmap.
> >>> That was the requirement: to make Windows printscreen - a bitmap.
> >>> Did I forgot to mention it's plain stupid?
> >>>
> >> You mentioned that the volume requested was plain stupid.
> >>
> >> A possible justification for a bitmap beyond the requestor's ignorance
> >> is that your setup involves an elaborate macro for an emulator not
> >> supporting capture as text.
> >>
> >> And the emulator authors' justification for not supporting text capture
> >> is that resources are better spent supporting that macro language
> >> given that the OS supports graphic capture.
> >>
> >> But we were using Hummingbird Exceed which has text capture.
> >> Simply, most users didn't care to learn the technique.
> >
> > No!
> > No, and no!
> > You assumed the auditor know the details and understand what emulator is.
> > That's plain wrong.
> > I learnt many years ago such auditors are uneducated, but they mask
> > their ignorancy with some mask. This is complex topic, I cannot
> > describe it clearly in English.
>
> Explanation: I should say *some* auditors are so uneducated. Or "there
> are such auditors". There are also reasonable auditor, and even with
> very small or none mainframe knowledge they may do quite good job.
> Of course it depends on who's paying for the audit and what the
> expectations are. First - managers don't want to spend money if they do
> not have to. So, usually the audits are mandatory and main goal (the
> only goal) is to pass it with good result.
>
>
> --
> Radoslaw Skorupka
> (looking for new job)
> Lodz, Poland
>
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