This is where we are in a tandem: we don't know who is right, who is wrong, but we're trying to listen to this act, saying, well, the act is a bad act, according to a lot of the witnesses, and we'd like to improve it and improve the processes in place.
I have a scenario that I'd like to share with you. As a chief human resources officer, you are hiring a CEO of an organization. The CEO does not have an accounting designation, but he or she has to sign off on those financial statements. Now, he or she does not know the complexity of the financial statements, so he goes two levels down to the financial officer, who probably is designated and would lose his designation if he were ever, in the private sector, to sign something that was not worthy. How does the financial officer protect himself if the CEO says, “Sign or you lose your job”? And how do they come to you?
We're talking about billions of dollars here. If you do not understand the complexity of the financing of the government and you're signing off, and you're relying on your third level, where is that integrity? Where is good governance?