Comment on Elon Musk demands another huge payday from Tesla
nbafantest@lemmy.world 11 months agoAlso, most of the numbers can’t be trusted. It’s known as “regulatory capture.” And they’re probably not the only one. Likely many companies have doctored accounting numbers these days. If anything, this is a huge problem in business today.
This is not accurate at all.
- This is not what regulatory capture is
- PWC is massively incentivized to catch any fraud by Tesla/Musk
Hypx@kbin.social 11 months ago
Then you live in on another planet. Or at least another decade. Regulatory capture is everywhere these days, and PWC is 100% motivated to hide any fraud. In fact, pretty much all accounting firms are motivated to do so. I'd rather believe every accounting firm is guilty of aiding in some kind of accounting fraud than the reverse.
nbafantest@lemmy.world 11 months ago
You are not using regulatory capture correctly in your comments.
You’re incorrect about PWC as well.
Hypx@kbin.social 11 months ago
Your understanding of the term is incorrect. I am definitely using it correctly. And you are definitely wrong about PWC, plus any other accounting firm on Earth.
But I think it is clear that your mind is made up. If you won't believe me, then I won't press any further.
nbafantest@lemmy.world 11 months ago
This is not regulatory capture, and you are certainly using it incorrectly.