Dear President Donald Trump
At the age of 20 I was an Articled Clerk and an experienced Auditor. A Senior Auditor joined
the firm, and I was required to take him on an Audit of Branches of a retail business. I audited
3 Branches a day starting at 8.30am and finishing at 5.30pm often with no lunch break.
The Senior Auditor aged about 40 was a Scot named Mac. I said I would meet him at the first
Branch at 8.30. He said we should meet a local café at 9am. Him being my senior I agreed.
I told Mac my pay was 1pound ten shillings a week and my outgoings 9pound ten shillings a
week with my parents funding the difference. I could not afford coffee etc. Mac paid for coffee
and cakes and for an hour we talked about the news of the day.
After 10am we went to the Branch, and I introduced Mac to the Manager. He commented we
were late. Our Audit visits were supposed to be a surprise, but the Managers always knew
when I was visiting.
Mac started asking the Manager questions. ‘Do the cash registers balance?’ The manager
confidently said yes of course. Mac asked him for a screwdriver and then to go to one of the
cash registers. Without store staff present, Mac unscrewed the wooden cover of the cash
draw and behind the draw there were a number of 1pound and ten shilling notes. Mac asked
the Manager to count these notes. Mac screwed back the wooden cover, and we returned to
the Manager’s Office. Mac asked the Manager to explain his earlier assurance that the cash
registers balance. The Manager explained that if the cash was more than the register the
excess was put in Petty Cash. If the cash was short the difference was taken out of Petty
Cash. Mac went on to ask about shortages in inventory, wages paid that had not been
worked, phantom employees, and if any company assets had been sold. The Manager
answered each question. Mac thanked him and we left the Branch and went back to the café.
The audit of the next two Branches followed the same processes and in total we spent 3.5
hours at the 3 Branches compared to my usual 8 hours. I wrote up the Audit Reports for each
Branch and Mac counter signed them as ‘True and Fair’.
There were 5 important things I learnt from Mac.
1. Fundamentally people are honest and will do the right thing.
2. When closely questioned a dishonest person will invariably reveal themselves.
3. Treat People with respect and they will disclose to you issues that need your attention.
4. It’s not the hours you spend on the Audit but how you preplan the Audit without slavishly
following past Audit Programmes.
5. Goodwill like Respect must be earned and then worked hard at to be retained.
Mac and I did some very challenging Audits together with positive outcomes for the Clients.
The ‘slash and burn’ approach of DOGE will work against you and your Presidency.
DOGE is like the tip of an iceberg. What you cannot see is that EXISTING TAXES are the
iceberg that will sink US America.
Only 2% LIBERTY TAX deliver plain sailing to MAGA.
Kind regards
Derek Smith CA
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The Question is – ‘When will President Donald Trump, the Captain, see the obvious and steer
America to 2% LIBERTY TAX and lead the Western World and its Leaders to Economic and
Financial security, free of DEBT with the People FREE in their own Democratic Countries?’