An auditor was examining the balance sheet
of a mining company that had just bought a sheep station in the
Pilbara
area of Western Australia. The reason for the purchase was
partly for
the thousands of acres that the station covered and partly
for the
thousands of sheep that ranged over those thousands of
acres. The auditor,
being very diligent, noted that the value of the
sheep formed a
significant asset and, like all good auditors, knew
that he would have to
verify that asset. He chartered an aircraft and
flew up to the station. The
manager was at the airstrip to meet
him.
"Hello," he said. "I'm the auditor. I've come to count the
sheep."
