Comments on: Deloitte – Tolerant And Forgiving of Bad Accountants

By: Navistar Sues Deloitte Proving No Statute of Limitations On Idiocy - Francine McKenna - Accounting Watchdog - Forbes

Wed, 06 Jul 2011 16:26:24 +0000

[...] new Deloitte partner called out many of Navistar’s prior accounting treatments, agreements, and their own firm’s advice and approvals from prior years, he was doing what many other audit teams were doing at the time: Telling [...]

By: re: The Auditors » Blog Archive » Can I Have Your Autograph: Signing The Audit Report

Tue, 26 Apr 2011 19:48:33 +0000

[...] liability.” (fm: Yes, but hiding identity of responsible partner makes it easier for you to keep paying them and reinstating them after sanctioning, suspension or other actions by those “multiple sources of [...]

By: re: The Auditors » Blog Archive » Birds On A Wire: How Do The Firms Get The Word Out?

Wed, 09 Mar 2011 18:45:34 +0000

[...] time, take their measly million or two out each year in cash and hope they don’t end up like one these guys. I saw that attitude at PwC regarding Japan. But I keep refusing to believe [...]

By: re: The Auditors » Blog Archive » The Big 4 Pro-IFRS Campaign Has Flaws

Sun, 21 Nov 2010 13:36:32 +0000

[...] famous Floyd Norris and his undercover buddy at the SEC couldn’t do it. It’s easier if you keep the guys in “time-out” on the payroll like Deloitte and EY do, rather than kicking them to the curb like KPMG did. One KPMG ingrate [...]

By: re: The Auditors » Blog Archive » HP, Hurd, Deloitte and Tone At The Top

Mon, 09 Aug 2010 15:45:36 +0000

[...] you really expect a firm that looks the other way at their own partners’ self-dealing and that protects partners who have been found complicit in scandals to insist on strong ethical and fiduciary standards in [...]

By: Francine McKenna: Are You Gonna Make My Day? The Auditors And SEC Enforcement | Deconstructing The News

Sat, 06 Feb 2010 19:37:36 +0000

[...] Mr. Fletchall’s. Is he already back auditing again? Did he ever leave KPMG? The firms are so forgiving of bad [...]

By: Francine McKenna: Are You Gonna Make My Day? The Auditors And SEC Enforcement

Francine McKenna: Are You Gonna Make My Day? The Auditors And SEC Enforcement — Sat, 06 Feb 2010 19:22:12 +0000

[...] Mr. Fletchall’s. Is he already back auditing again? Did he ever leave KPMG? The firms are so forgiving of bad [...]

By: re: The Auditors » Blog Archive » Are You Gonna Make My Day? The Auditors And SEC Enforcement

Sat, 23 Jan 2010 20:33:02 +0000

[...] Mr. Fletchall’s. Is he already back auditing again? Did he ever leave KPMG? The firms are so forgiving of bad [...]

By: re: The Auditors » Blog Archive » Deloitte Wins Major Round Re: Alleged Inside Trader Flanagan

Tue, 05 Jan 2010 20:17:32 +0000

[...] Deloitte seems to have a lack of will to enforce its policies for tenured, powerful members of its partnership or to kick them out of the firm when they’ve been found guilty of sins against the profession and their clients, the shareholders. [...]

By: Chicago Accountant

Chicago Accountant — Wed, 12 Nov 2008 02:23:00 +0000

What makes Flanagan did is different than the other two scenarios. You can make mistakes in an audit. There’s always an acceptable amount of audit risk. I am not making excuses for the two other partners, but it does offer a potential explanation. What Flanagan did was deliberate. I hope there is a real investigation here. The public deserves at least that much.