Comments on: Fraud Happened: The No-Account Accountants Stood By

By: re: The Auditors » Blog Archive » At Deloitte, More Pain Before Any Quality Gain

Wed, 28 Dec 2011 04:31:07 +0000

[...] that’s how the auditors missed, or justified looking the other way, as so many banks failed or had to be bailed out during the crisis. This attitude is evident when [...]

By: re: The Auditors » Blog Archive » An OpEd For Boston Review: What Sarbanes-Oxley Teaches Us About Dodd-Frank

Tue, 23 Aug 2011 00:44:25 +0000

[...] you’re admitting, in my opinion, that the crisis was caused by accounting manipulation and fraud. The word “fraud” wasn’t heard in relation to this crisis until the publication of the Lehman Bankruptcy Examiner Report in March [...]

By: No Audit At All: Deloitte and Bear Stearns - Francine McKenna - Accounting Watchdog - Forbes

Fri, 11 Feb 2011 19:41:28 +0000

[...] That rhetoric is slowly being disproved. [...]

By: re: The Auditors » Blog Archive » Deloitte’s Troubles Bubble To Surface

Mon, 31 Jan 2011 21:02:12 +0000

[...] before another case bobs to the surface. Or more than one. How long can Deloitte claim the firm was “duped” by their own partners? Eventually there will be an egregious case where they have to pay a fine or [...]

By: McKenna: Ten things you should know about ‘Big Four’ audit firms | Ian Fraser

Tue, 28 Dec 2010 15:14:09 +0000

[...] their public duty. When an audit misses the really big frauds, the whoppers, their first move is to evade responsibility. The ‘Big Four’ don’t even like being called auditors. Rather they provide [...]

By: Forget Everyone Else: Why Aren’t Auditors Answering For Financial Crisis? - Francine McKenna - Accounting Watchdog - Forbes

Thu, 09 Dec 2010 17:12:04 +0000

[...] the civil settlements that have already occurred, they’re trolling for kudos when the scoop that “fraud happened” is way past its “sell-by” [...]

By: The “No-Account Accountants” | Eating Hours, the iTickmark Weblog

Thu, 11 Nov 2010 15:58:30 +0000

[...] This post on the blog “re: The Auditors” is the best read on the auditors’ role in the financial crisis that I have seen, highly recommended. [...]

By: re: The Auditors » Blog Archive » Will Ernst & Young Ever Be Held Accountable for the Lehman Failure?

Mon, 01 Nov 2010 03:15:00 +0000

[...] against Lehman executives. But the New York Court of Appeals in a 4-3 opinion refused to hold the auditors responsible for frauds perpetrated by management in the Refco Trustee v. KPMG and the Louisiana State Retirement v. PwC (re: AIG 2002-2005 fraud) [...]

By: re: The Auditors » Blog Archive » Top Ten Things Lawyers Should Know About Auditors

Thu, 16 Sep 2010 21:51:39 +0000

[...] that reiterated their public duty. When an audit misses the really big frauds, the whoppers, their first move is to evade responsibility. The Big 4 don’t even like being called AUDITORS. Rather they provide “ASSURANCE [...]

By: Roach

Roach — Sat, 24 Apr 2010 20:30:54 +0000

nothing will happen until the justice department and FBI, Federal Reserve are purged of Bush’s Lackeys ..read how he appointedf Lawyers of his kind to these positions. then check out the bankruptcy code that was rewritten during his tenure. Then impeach Obama for not asking for resignation from Geitner( who is in cahoots w/ the investment banks and didnt do his job as a Federal reserve governor),, reappointing Bernanke who sat still as the crap implodedm for not busting up these TBTF banks, the list goes on Obama isnt the right man for this job at this time he wants to be LIKED and he also a business helper so he wont hurt them, ends these insane wars. the list goes on and on..