Audit: (n) an official inspection of an individual’s or organization’s accounts, typically by an independent body.
I have eaten out of the pot and I have owned the pot. I must tell you–I prefer “eating and running.”
The responsibility that comes with finance–especially when it arrives in chunks–is both frightening and challenging to the fragile nature of the human soul.
When I had a lot of money, I felt compelled to communicate that prosperity to the world around me. The quickest way to do that is to buy things–and you can always justify these purchases by placing them under the banner of “improvements.”
But as you probably well know, the trouble with having worldly goods is that the world around you wants your goods.
- They can plot to steal
- They can draw up a business plan and try to get you to invest in it
- Or on occasion, they can push the tax people in your direction for an audit
Yes, there was a time in my life, even though I was fastidious in my records, that I was nervous about an audit. Why?
Because what I don’t know can hurt me. And ignorance of some unknown tax is not considered a passable defense in the world of accountants.
I cannot tell you how relieved I was when about 5 years ago, I walked away from those responsibilities, bringing my life back to the simplicity of gas, food and lodging.
Now when I think of an audit, I get tickled.
Because rather than counting my bank accounts, houses or stocks and bonds, the bean counter would find himself only counting my beans.
Thank you for enjoying Words from Dic(tionary) — J.R. Practix
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