Is this YOUR Accountant?

Say you have an accountant who told you that your business owes €3.2m to the bank. You dash around to see the manager and after very difficult negotiations you agree on a costly pay-back regime.

Six months later the same accountant says 'Oops, I forgot to credit the business with €3.2m that was paid to us. The good news is that you don't owe the money after all'.

Given the acute embarassment, the reputational damage to your business and the expensive deal you cut with the bank, how long do you think it would be before you waved a P45 ?

Seconds, I imagine.

Yet that is what some genius in the Department of Finance has just done- except that the figure owed by his employer (the Government, or more precisely you and me), is not €3.2m but €3.2 billion.

Will he or she be fired, demoted or even lose an increment ?

About the same chance as Sean Fitzpatrick paying back those millions.




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