Quote:
Originally Posted by Dirtbag59
Right hypothetically they should be giving the third party access to information that they won't let the NFLPA see for themselves. From that the Third Party should determine weather or not the records are accurate and not a repeat of Mike Browns "General Manager Bonus" or the Eagles Owner $7 million salary being counted as a general expense.
Maybe I need to look into this more as I can't find an article that says either or, but what I'm hearing the third party would be able to see the details while the NFLPA would have to settle for the basic summary.
Maybe I'm reading it wrong but having information verified in accounting usually means seeing the source documents. Receipts, expense reports, etc.
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You won't know the nitty gritty until you learn the basics of accounting wholesale, like I have. I'm no expert, but I do have some sense of what they the players will and certain tricks that can change up the numbers a bit see.
There are two branches of accounting.
Financial accouting is the branch of in which the accountants prepare statements for
public viewing.
Then there is
managerial accouting, which is intended to be viewed only within the company. What is in the managerial accounting books are what the players want to see.
I actually will doubt they'll see the actual receipts, just that the statements will match whatever is being claimed. However, since it's third party, there is at least
some incentive to not fudge too much.
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