http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/ The Business of the Big 4 Audit Firms Wed, 08 Feb 2012 21:24:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-145663 The Big 87654 Repeat S&L Crisis | gv Tue, 21 Dec 2010 18:16:47 +0000 http://retheauditors.com/?p=3533#comment-145663 [...] I never called FM’s assessment “harsh”. Here’s links to FM’s post: http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/ and my my 13 May 2009 post on AIG-PWC: [...] [...] I never called FM’s assessment “harsh”. Here’s links to FM’s post: http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/ and my my 13 May 2009 post on AIG-PWC: [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-140559 re: The Auditors » Blog Archive » Big 4 Bombshell: “We Didn’t Fail Banks Because They Were Getting A Bailout” Fri, 26 Nov 2010 15:36:33 +0000 http://retheauditors.com/?p=3533#comment-140559 [...] in the US.  I’ve never received a good answer until now.  In fact, I had the impression the auditors were not there.  There has been no mention of their presence or their role in any accounts of the crisis.  There [...] [...] in the US.  I’ve never received a good answer until now.  In fact, I had the impression the auditors were not there.  There has been no mention of their presence or their role in any accounts of the crisis.  There [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-132782 re: The Auditors » Blog Archive » PCAOB Waiting For Godot: Reporting On Auditor Performance During The Financial Crisis Fri, 08 Oct 2010 14:42:38 +0000 http://retheauditors.com/?p=3533#comment-132782 [...] Did they comply with any of the auditing standards? It seems not, since the auditors failed to detect, warn, mitigate or issue a “going concern opinion” [...] [...] Did they comply with any of the auditing standards? It seems not, since the auditors failed to detect, warn, mitigate or issue a “going concern opinion” [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-129772 re: The Auditors » Blog Archive » Seeking An Equitable Outcome: NY State Court of Appeals To Hear In Pari Delicto Cases Re: Auditors Mon, 13 Sep 2010 21:18:17 +0000 http://retheauditors.com/?p=3533#comment-129772 [...] auditors’ public duty.  It’s about protecting the status quo.  The one that’s worked so well for us leading up to the financial crisis. “…auditors already have “a great deal of [...] [...] auditors’ public duty.  It’s about protecting the status quo.  The one that’s worked so well for us leading up to the financial crisis. “…auditors already have “a great deal of [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-124992 Make It Real or Let’s Forget About It « Sara McIntosh Mon, 16 Aug 2010 18:26:34 +0000 http://retheauditors.com/?p=3533#comment-124992 [...] Fellow female financial blogger, Francine McKenna, does a great job of highlighting (and testifying about) all of the fallout from the Big Four accounting firms’ lack of independence in company after company and crisis upon crisis, at her site entitled “re: The Auditors.” One of my favorite posts of hers is “They Weren’t There: The Auditors and the Financial Crisis.” [...] [...] Fellow female financial blogger, Francine McKenna, does a great job of highlighting (and testifying about) all of the fallout from the Big Four accounting firms’ lack of independence in company after company and crisis upon crisis, at her site entitled “re: The Auditors.” One of my favorite posts of hers is “They Weren’t There: The Auditors and the Financial Crisis.” [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-94626 Jonah Gibson Sun, 21 Mar 2010 18:43:10 +0000 http://retheauditors.com/?p=3533#comment-94626 I have always loved that film, and was saddened when Jerzy Kosinski, who wrote the book on which it was based, killed himself. I have always loved that film, and was saddened when Jerzy Kosinski, who wrote the book on which it was based, killed himself.

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-94619 re: The Auditors » Blog Archive » Ernst & Young and Lehman Brothers: A Summary of Quotes, Stories and Links Sun, 21 Mar 2010 18:19:03 +0000 http://retheauditors.com/?p=3533#comment-94619 [...] If you’ve been reading the stories on this site, however, you may have come to the conclusion that I did a long time ago: [...] [...] If you’ve been reading the stories on this site, however, you may have come to the conclusion that I did a long time ago: [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-90292 re: The Auditors » Blog Archive » Continuing The Conversation: If Auditors Weren’t There, Why Not? Tue, 23 Feb 2010 03:22:59 +0000 http://retheauditors.com/?p=3533#comment-90292 [...] designed to identify related party transactions that are material… Satyam again and the AIG/Goldman Sachs counterparty asset valuation discrepancy issue. In general, the use of SPEs, VIEs, and the QSPE concepts specified in FAS 140 had been [...] [...] designed to identify related party transactions that are material… Satyam again and the AIG/Goldman Sachs counterparty asset valuation discrepancy issue. In general, the use of SPEs, VIEs, and the QSPE concepts specified in FAS 140 had been [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-89623 re: The Auditors » Blog Archive » A Prisoner’s Dilemma: AIG and Goldman Sachs Game Each Other And PwC Fri, 19 Feb 2010 05:29:27 +0000 http://retheauditors.com/?p=3533#comment-89623 [...] fact, Aaron Ross Sorking told us in his book, Too Big To Fail, Goldman Sachs was still not satisfied in June of 2008 that PwC was [...] [...] fact, Aaron Ross Sorking told us in his book, Too Big To Fail, Goldman Sachs was still not satisfied in June of 2008 that PwC was [...]

]]> http://retheauditors.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/comment-page-1/#comment-87095 Francine McKenna: The Great American Financial Sandwich: Goldman Sachs, PricwaterhouseCoopers LLP and AIG | Deconstructing The News Thu, 04 Feb 2010 20:19:48 +0000 http://retheauditors.com/?p=3533#comment-87095 [...] 2007 that AIG’s conflicts with Goldman Sachs over collateral for the CDOs became heated. I wrote in December, based on reports by Andrew Ross Sorkin in his book, Too Big To Fail: AIG had publicly disclosed [...] [...] 2007 that AIG’s conflicts with Goldman Sachs over collateral for the CDOs became heated. I wrote in December, based on reports by Andrew Ross Sorkin in his book, Too Big To Fail: AIG had publicly disclosed [...]

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