this post was submitted on 07 Feb 2025
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Unfortunately, in practice, the laws don't seem to mean much to the wealthy.
Like other gigantic companies that have billions of dollars, it's easier and more profitable to ask forgiveness than permission; paying legal fines that are 0.01% of their overall profits is just the cost of doing business. Zuck has been caught on multiple occasions skirting the law (see the most recent revelation of them surreptitiously leeching scores of books from Anna's Archive and a previous one of partnering with Cambridge Analytica, for example).
I'm all good with having companies submit to hostile financial audits, but I'm not sure how a CPA would be qualified to validate security or privacy. Code security audits should be done by cryptographic experts, and I think you would need both.
Perhaps one day, we'll have Certified Public Cryptographers that have a fiduciary duty to ensure people are secure or private.
A CPA is required to higher other professionals when their knowledge doesnt reach to the subject in question, so yeah they would get a security or privacy specialist to help them. The upside of using a CPA is that they would look at the entire process. The rapport of a CPA is going to be a lot more expensive though.
In the US people defend that companies don’t publish their annual reports, plus some people also defend these companies regardless of what they do. It’s almost religion. But if you would require companies to at least publish some figures and require bigger companies to have a statement signet by a CPA then more of these companies would have issues. Since a CPA can generally get in a lot of trouble if they mess up (at least here in NL)
They don’t need to be hostile audit’s, heck that’s probably the worst way of doing it. Work together with the company and help them to pass the audit and they will be more transparent .
Sounds like we want the same thing, except I think it's perhaps too high of an expectation to have a CPA that can do both financial accounting and cryptography.
A CPA is required to use experts in fields to they are no expert in, but the proces part of the entire situation is very import as well so that’s why I suggested a CPA do it. (Plus a signature from a CPA means more)