Dennis Howlett, an accountant/blogger who is a British CA and lives in Spain recently posted to his blog (www.accmanpro.com) a story about Auditing and traditional financial reporting being over. Interesting discussion (and it makes me wonder why our business model is exempt from being reengineered)... thought some of you gentle readers might enjoy it. I may post a rebuttal after I've contemplated the article and formulated my thoughts. Whether you agree or disagree, it is thought provoking.
The post that started it all: Umair Haque's "Smart Growth Manifesto":