Kelly Richmond Pope reflects on her journey to becoming an accountant, emphasizing her early passion for money and the structured nature of the profession. She discusses how her understanding of accounting led her to realize that financial savvy often makes the CFO the most knowledgeable person in the room, rather than the CEO. Pope also clarifies misconceptions about the role of accountants, particularly that audits are not specifically designed to uncover fraud, although they can still be insightful.
The biggest misconception about accountants is that accounting is designed to detect fraud. An audit is not designed for that purpose, despite the capability to do so.
I realized that the person who understood money was actually the smartest person in the room; not necessarily the CEO, but the CFO.
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