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.
“By now, the verdict in the BDO Seidman lawsuit has been covered by all the major industry blogs. All the heavyweights have registered their opinions in this great swirling mass known as the blogosphere. The mainstream media has tossed it around this way and that. There is near unanimity amongst all commenters: Sucks to be them.
I don’t disagree completely…”
2)BDO has been fighting (albeit successfully) instead of settling because they can’t afford to settle…”
Neil asks me:
“Francine, Is BDO doing the right thing compared to what KPMG did?”
I think KPMG did entirely the wrong thing for their partners, both the accused and those that remained…That being said, …(BDO has) been winning (even winning on the same tax shelter case that KPMG paid 400+ million on when they capitulated,) I would say they are very good at choosing very good lawyers, for sure…They are betting the farm every time they choose to fight instead of settle. If they’re in the right, then fight. But if they’re just being stubborn, cheap or irresponsible…”
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