--- title: "Meaning & Key Takeaway of: You'll better understand the evil when…" description: "\"You'll better understand the evil when top audit firms started selling fraudulent tax shelters when I tell you that one told me that they're better [th..." image: "https://sms4smile.com/quotes/i/421/charlie-munger-458_clients_you-ll-better-understand-the-evil-when-t_2315705.jpg" --- # You'll better understand the evil when top audit firms… ![“You'll better understand the evil when top audit firms started selling fraudulent tax shelters when I tell you that one told me that they're better [than the others] because they only sold [the schemes] to their top-20 clients, so no-one would notice.” quote by Charlie Munger](https://sms4smile.com/quotes/i/421/charlie-munger-458_clients_you-ll-better-understand-the-evil-when-t_2315705.jpg) [Download](https://sms4smile.com/quotes/i/421/charlie-munger-458_clients_you-ll-better-understand-the-evil-when-t_2315705.jpg) [Open image](https://sms4smile.com/quotes/i/421/charlie-munger-458_clients_you-ll-better-understand-the-evil-when-t_2315705.jpg) > “You'll better understand the evil when top audit firms started selling fraudulent tax shelters when I tell you that one told me that they're better \[than the others\] because they only sold \[the schemes\] to their top-20 clients, so no-one would notice.” [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Top audit firms exploit privileged clients with complex tax shelters, highlighting systemic fraud and inequality. **In simple terms:** Wealthy clients receive shady tax schemes unnoticed. Key Takeaway Beware of elite‑only financial tricks. Themes tax evasion elite privilege corporate fraud regulatory failure Mood cautious critical Type ethical financial When to use this quote - investment decisions - corporate governance - regulatory reform - whistleblowing Key Concepts financial ethics tax law risk management Questions to Reflect On - What safeguards can prevent elite tax fraud? - How does client secrecy enable corruption? A Different Perspective Complex schemes can be hard to detect and prosecute. ★ ★ ★ ★ ★ No ratings yet [Audit Firms](https://sms4smile.com/quotes/about/audit-firms-5516677/) [Clients](https://sms4smile.com/quotes/about/clients/) [Evil](https://sms4smile.com/quotes/about/evil/) [Evil Audit](https://sms4smile.com/quotes/about/evil-audit-5516675/) [Firm](https://sms4smile.com/quotes/about/firm/) [Fraudulent Tax](https://sms4smile.com/quotes/about/fraudulent-tax-2247577/) [Schemes](https://sms4smile.com/quotes/about/schemes/) [Selling](https://sms4smile.com/quotes/about/selling/) [Selling Fraudulent](https://sms4smile.com/quotes/about/selling-fraudulent-5516676/) [Shelter](https://sms4smile.com/quotes/about/shelter/) [Tax Shelters](https://sms4smile.com/quotes/about/tax-shelters-3166242/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [The money that we make from the company goes into The Body Shop Foundation, which isn't one of those awful tax shelters like some…](https://sms4smile.com/quotes/anita-roddick/the-money-that-we-make-from-the-company-goes-into-the-body-shop/) [Anita Roddick](https://sms4smile.com/quotes/author/anita-roddick/) > [People who prepare false or fraudulent tax returns risk criminal prosecution and, upon conviction, substantial time in jail.](https://sms4smile.com/quotes/dana-boente/people-who-prepare-false-or-fraudulent-tax-returns-risk-criminal/) [Dana Boente](https://sms4smile.com/quotes/author/dana-boente/) > [“the foundations set up as tax shelters by the wealthy tended to spend as much money glorifying the donors' names and providing cushy jobs…](https://sms4smile.com/quotes/anne-stuart/the-foundations-set-up-as-tax-shelters-by-the-wealthy-tended-to-spend/) [Anne Stuart](https://sms4smile.com/quotes/author/anne-stuart/) > [The Tax Division is committed to prosecuting accountants who assist their clients in fraudulent tax schemes.](https://sms4smile.com/quotes/dana-boente/the-tax-division-is-committed-to-prosecuting-accountants-who-assist/) [Dana Boente](https://sms4smile.com/quotes/author/dana-boente/) > [The general culture of investment banking has deteriorated over the years. 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On the other hand, some clients are absolute angels. One john always brought me a gift every time…](https://sms4smile.com/quotes/annie-sprinkle/some-men-can-be-very-rude-on-the-other-hand-some-clients-are-absolute/) [Annie Sprinkle](https://sms4smile.com/quotes/author/annie-sprinkle/) > [I have learned that trying to guess what the boss or the client wants is the most debilitating of all influences in the creation…](https://sms4smile.com/quotes/leo-burnett/i-have-learned-that-trying-to-guess-what-the-boss-or-the-client-wants/) [Leo Burnett](https://sms4smile.com/quotes/author/leo-burnett/) > [Our focus in the client group had always been to build products and features that people wanted to use. That we wanted to use.…](https://sms4smile.com/quotes/jamie-zawinski/our-focus-in-the-client-group-had-always-been-to-build-products-and/) [Jamie Zawinski](https://sms4smile.com/quotes/author/jamie-zawinski/) > [I don't care about awards and public image. We know the business of entertainment. 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