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.