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	<title>Comments on: Deloitte Settles Delphi For A Pittance</title>
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	<link>http://retheauditors.com/2007/12/28/deloitte-settles-delphi-for-a-pittance/</link>
	<description>The Business of the Big 4 Audit Firms</description>
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		<title>By: re: The Auditors &#187; Blog Archive &#187; Deloitte, Delphi, and GM: Duped or Duplicitous?</title>
		<link>http://retheauditors.com/2007/12/28/deloitte-settles-delphi-for-a-pittance/comment-page-1/#comment-139884</link>
		<dc:creator>re: The Auditors &#187; Blog Archive &#187; Deloitte, Delphi, and GM: Duped or Duplicitous?</dc:creator>
		<pubDate>Sun, 21 Nov 2010 18:30:11 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=540#comment-139884</guid>
		<description>[...] December of 2007, Deloitte, as a firm, settled with Delphi investors. As settlements go, this is relatively minor. However it is another in a long line of settlements [...]</description>
		<content:encoded><![CDATA[<p>[...] December of 2007, Deloitte, as a firm, settled with Delphi investors. As settlements go, this is relatively minor. However it is another in a long line of settlements [...]</p>
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	<item>
		<title>By: re: The Auditors &#187; Blog Archive &#187; @Going Concern &#8220;The Big 4 Pro-IFRS Campaign Has Some Flaws&#8221;</title>
		<link>http://retheauditors.com/2007/12/28/deloitte-settles-delphi-for-a-pittance/comment-page-1/#comment-88391</link>
		<dc:creator>re: The Auditors &#187; Blog Archive &#187; @Going Concern &#8220;The Big 4 Pro-IFRS Campaign Has Some Flaws&#8221;</dc:creator>
		<pubDate>Wed, 10 Feb 2010 19:45:13 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=540#comment-88391</guid>
		<description>[...] Difazio has automotive experience – at Delphi. He also has substantial experience with SEC filings. He was the subject of one [...]</description>
		<content:encoded><![CDATA[<p>[...] Difazio has automotive experience – at Delphi. He also has substantial experience with SEC filings. He was the subject of one [...]</p>
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		<title>By: re: The Auditors &#187; Blog Archive &#187; GM Better Off Bankrupt? My Opinion</title>
		<link>http://retheauditors.com/2007/12/28/deloitte-settles-delphi-for-a-pittance/comment-page-1/#comment-2262</link>
		<dc:creator>re: The Auditors &#187; Blog Archive &#187; GM Better Off Bankrupt? My Opinion</dc:creator>
		<pubDate>Thu, 05 Mar 2009 17:40:45 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=540#comment-2262</guid>
		<description>[...] been a long time coming. GM has been a problem child for a while. (Deloitte was also auditors for bankrupt Delphi, GM’s red-headed [...]</description>
		<content:encoded><![CDATA[<p>[...] been a long time coming. GM has been a problem child for a while. (Deloitte was also auditors for bankrupt Delphi, GM’s red-headed [...]</p>
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		<title>By: re: The Auditors &#187; Blog Archive &#187; GM Better Off Bankrupt? My Opinion</title>
		<link>http://retheauditors.com/2007/12/28/deloitte-settles-delphi-for-a-pittance/comment-page-1/#comment-2263</link>
		<dc:creator>re: The Auditors &#187; Blog Archive &#187; GM Better Off Bankrupt? My Opinion</dc:creator>
		<pubDate>Thu, 05 Mar 2009 17:40:45 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=540#comment-2263</guid>
		<description>[...] been a long time coming. GM has been a problem child for a while. (Deloitte was also auditors for bankrupt Delphi, GM’s red-headed [...]</description>
		<content:encoded><![CDATA[<p>[...] been a long time coming. GM has been a problem child for a while. (Deloitte was also auditors for bankrupt Delphi, GM’s red-headed [...]</p>
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		<title>By: Anonymous</title>
		<link>http://retheauditors.com/2007/12/28/deloitte-settles-delphi-for-a-pittance/comment-page-1/#comment-192</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 28 Dec 2007 17:39:00 +0000</pubDate>
		<guid isPermaLink="false">http://76.12.174.187/?p=540#comment-192</guid>
		<description>One of the major issues the Accounting Industry in general, and the Big 4 in particular, faces is the hurdle of public knowledge.  It seems to me that the cases, frauds, and settlements are never as clear cut as everyone tries to make them out to be.  &lt;br/&gt;&lt;br/&gt;I believe that frauds like this are a double edged sword when it comes to their public discussion: you want everyone to know it happened, but how much do you really want to explain it?  Aren&#039;t you opening the door to copy cat crimes with slight variations if you pour out every detail?  And aren&#039;t the firm&#039;s wiping thier collective ass with the public&#039;s trust if they say &quot;let us handle it, it is too complex to explain&quot;?&lt;br/&gt;&lt;br/&gt;In that way, you always wind up making the firms look like green eyed monsters trying their damndest to keep issues under wraps and investors out of the loop, when it may in fact be the opposite.&lt;br/&gt;&lt;br/&gt;And I further question the correctness of that article based on their explaination of Deloitte &amp; Touche &quot;now being part of closely held DTT&quot;.  It was always an affliate, but it not owned by DTT.  This comment again demonstrates the fine line you walk in trying to explain to the public how a Swiss Verein works - do you really want to waste four paragraphs of legalese they may not understand anyway?</description>
		<content:encoded><![CDATA[<p>One of the major issues the Accounting Industry in general, and the Big 4 in particular, faces is the hurdle of public knowledge.  It seems to me that the cases, frauds, and settlements are never as clear cut as everyone tries to make them out to be.  </p>
<p>I believe that frauds like this are a double edged sword when it comes to their public discussion: you want everyone to know it happened, but how much do you really want to explain it?  Aren&#8217;t you opening the door to copy cat crimes with slight variations if you pour out every detail?  And aren&#8217;t the firm&#8217;s wiping thier collective ass with the public&#8217;s trust if they say &#8220;let us handle it, it is too complex to explain&#8221;?</p>
<p>In that way, you always wind up making the firms look like green eyed monsters trying their damndest to keep issues under wraps and investors out of the loop, when it may in fact be the opposite.</p>
<p>And I further question the correctness of that article based on their explaination of Deloitte &#038; Touche &#8220;now being part of closely held DTT&#8221;.  It was always an affliate, but it not owned by DTT.  This comment again demonstrates the fine line you walk in trying to explain to the public how a Swiss Verein works &#8211; do you really want to waste four paragraphs of legalese they may not understand anyway?</p>
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