The answer to accounting’s problems

OxytocinDespite the recent overturning of Andersen’s conviction for obstruction of justice, the fall out from the paper shredding episode is still hitting the profession hard.

But at last there may be an end in sight. Instead of all this increased regulation, Sarbanes-Oxley and the like to restore confidence in the audit process, how about just using a ‘trust serum’.

A study at the University of Zurich recently discovered that trust levels in humans can be raised by making them sniff the hormone oxytocin, an effect that can last up to two hours.

No longer will accountants have to justify their every move and back up their findings with reams of paperwork. From now on all they have to do is simply spray their clients with a dash of oxytocin and say ‘trust me I’m an accountant’ and everything will be hunky dory.

TS is wondering if you can steep newspapers in it as well.

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