Parmalat Cuts The Cheese On Grant Thornton

/4 Comments/in

More to come on these recent developments .

I am still reviewing other reports. I didn’t believe that 10 billion figure at first. Thought it was a typo. Are we sure they’re not talking Italian Lira?

In the meantime, read my prior posts about Parmalat, GT and the ability or lack thereof of the “next tier ” firms to make a serious play at supplementing the Big 4 when it comes to doing more public company audits.

Thanks for subscribing to the re: The Auditors feed. Please tell a colleague about the blog. Drop me a line at fmckenna@mckennapartners.com if you have a comment or complaint.
4 replies
  1. Independent Accountant
    Independent Accountant says:

    I have follwed this story for years. The $10 billion is dollars, not lira. Italy uses Euros and has for about nine years. There are no more lira.

Trackbacks & Pingbacks

  1. re: The Auditors » Blog Archive » The Big 4 And Their "Global Networks" says:
    January 6, 2012 at 11:52 am

    […] PwC and its Moscow office re: tax troubles PwC and its Brazilian firm re: Cisco and tax dodging Grant Thornton and its Milan office re: Parmalat Is there some reason why this discussion has to focus on the very distant past and a firm that […]

  2. re: The Auditors » Blog Archive » Top Ten Things Lawyers Should Know About Auditors says:
    September 15, 2010 at 12:40 pm

    […] of any other “Member Firm.” Even second-tier accounting firms use this tactic (read, “Grant Thornton and Parmalat”), but the bigger firms have it down to a (legal) science. They’re members and partners until […]

Comments are closed.