A Cautionary Fairy Tale
A certain Big 4 accounting firm had a client who wanted a cat-catcher license in the Canal Zone, a jurisdiction no longer in existence. Big 4 would also work on the matter. I didn’t bother to vette the client because Big 4, who presumably had done their accounting, was along for the ride. The client soon discovered that getting a cat-catching license in the Canal Zone is no trivial matter. You must show that you are experienced and have books, manuals and appropriate guidelines in place, like a “Know Your Breed” (KYB) procedure.