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Deloitte is in the news for some significant litigation issues.
First the winner.
This ruling, I think, will have a big impact on the auditor subprime cases to come. Many of these cases, when it comes to the auditors liability, will be based on whether auditors should have been more diligent, thorough, and hard on banks and [...]
Hmmmmm
Maybe I should have copyrighted the term “dupe” when it comes to playing dumb to get off the hook in these accounting fraud cases. Looks like Citicorp’s lawyers see a winner, too, in the strategy Mr. Attanasio used to get Mr. Stulac of Arthur Andersen off the hook in the Peregrine case.
They actually use [...]
Picture Source
My Twitter communiques (follow me!) reported my pleasure at the invitation to a private dinner Monday night with a delegation from the European Parliament. I accepted it immediately, when it arrived, not knowing how or why it had. But a luxe dinner with smart people, especially foreign visitors, is always my cup of tea.
The [...]
Neil McIntyre, CA-in-Waiting and Canadian boy-wonder blogger, wrote a post recently called, Sucks To Be Seidman. Neil is feeling this crisis personally and, if his picture wasn’t so darn cute, I would worry he was verklempt.
Reasonable assurance is neither reasonable nor assured.
Discuss.
Neil says:
“By now, the verdict in the BDO Seidman lawsuit has been covered by [...]
 Francine McKenna (@retheauditors) has more than twenty-five years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. Look for my column, "Accounting Watchdog" at Forbes.com and "Accountable" at American Banker. For more information, click "About" at the bottom of this page. Your firm can sponsor this specialized news site. For more information contact Francine McKenna, fmckenna@mckennapartners.com |
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