Discussion of 'Auditor's Loss Function Implicit in Consumption-Investment Models

The article presents the author's comments on the William R. Scott's report "Auditor's Loss Functions Implicit in Consumption-Investment Models," included in the issue, responding to Scott's views on the occupational and economic role of auditors within the broader structure of the firm. Questions are raised regarding the scope of Scott's proposed model, questioning the presence of multiple risky assets.