In high school, our varsity football coach would routinely present opponents' game films to the math department, who would calculate probabilities on the types of plays that the teams would run in certain situations. In one game, the plan backfired like a baked potato wedged in an exhaust pipe as we found ourselves on the short end of a four-touchdown shellacking - on Homecoming Weekend. When asked afterwards what went wrong, the coach shrugged sheepishly, and replied, "On paper it looked like it would work."Fast forward to last month, when the Treasury's Advisory Committee on the Auditing Profession approved and adopted a final report with a series of cogent recommendations on how to improve the sustainability of the audit profession.
At least on paper.
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