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by mise_en_place 1473 days ago
All businesses require an audit of some kind. How do you think due diligence works?
1 comments

That's an extremely strong statement that is obviously not true, except in the most weak and generic form.

How do you think reality works?

Yeah if you want to defraud people, sure. No auditing required. Who's being dishonest here and making false statements? (Can you see the irony???)
That's a false equivalency. You seem like you've never worked with honest people.
You have to be careful is all I’m saying, on both sides (as an investor or entrepreneur). Also, many times audit also means documenting your systems, reducing bus factor and decreasing time spent for new employees during onboarding.