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Remember, without standards you can't audit organized crime, disorganized
crime or the government (I may have been redundant in there somewhere). Some
folks have some pretty compelling reasons not to standardize. The following
is a slightly off topic post I allegedly made to another group this a.m.:
When stakeholders are educated to the benefits of auditing government
departments and non-profits with real-time web-based reporting these things
will take off. NPR (Market Place?) reported a British group of stockholders
exercised their rights to vote against a CEO pay package. Though the vote
was non-binding it will be acting as precedent. You must remember that at
the same time, such phenomena as "report carding," a la Jack and GE
(although they call it something else I forget now) are being adopted by
many industries, Korn/Ferry allegedly had a firm stack rank the 800,000
executives it keeps in its db as prospective job placements, and Homeland
Security and payroll cards for the "non-banked" are slowly growing into
their own. There is yet to occur the alleged "discovery" of non-healthcare
industry folks of the alleged extent of "Medi-fraud" and its tie to industry
profitability. Oh, and then there will yet be the migration of many
insurance industry data warehouses into more current technologies -- many of
which are allegedly based on biz rules 40 years old. The "numbers" will
allegedly be there -- it will just be up to web-based communities to hire a
class action attorney who can use odbc connections.
Ed Dodds
Message: 4
Date: Wed, 21 May 2003 09:44:58 -0000
From: "rakishly" <rakishly@yahoo.com>
Subject: Re: Question...
>
> Will somebody enlighten me how long does the industry expect these
standards to attain critical mass?
>
With the small, unexciting economic incentives to do it and with the
accounting profession in front of it (or astride it, more accurately) it
will never have much momentum. It's more of a nuisance to corporate
adopters than a competitive necessity or real economic opportunity. Not a
knock on the accountants, really, but real, wealth creating, explosive
innovation is disruptive and erupts from chaos and charged bodies, not
consensus. This was predictable except for the buzzword blinders. Relax,
you have plenty of time to master it as a sideline. There are lots of
arguments against my point of view but a year from now there will be minimal
change. My guess is that many of the previously, excited proponents are
beginning to actually recognize the "is this all there is" feelings they had
in their gut from the beginning.
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