How The Mighty Have Fallen – An Update On Who Audits WhomBy Francine • Sep 15th, 2008 • Category: Pure Content
With so much news of crises, mergers, acquisitions and jilted brides this weekend, I thought it time to respond to some of the questions I’ve received about the impact of all this activity on the firms and their staff. Given the already uncertain future for so many in the Big 4 and their clients and the purges that have already occurred, it’s time to update my scorecard of the major financial institutions that have already been affected by the subprime crisis and their auditors.
Merrill (Deloitte) and Citibank (KPMG) had suits filed. What happens to the suits that were filed against Merrill related to subprime?