Mainstream media, and the Financial Crisis Inquiry Commission, are focused mainly on Ernst & Young as the auditor whipping boy of the financial crisis. That’s really by default not by design and is thinly justified. No one has given fly-over journalists anything on a silver platter that would draw in the rest. Give me a few minutes and I can make a case for PricewaterhouseCoopers as the one teetering on the edge of the abyss. Or KPMG. But today, let’s talk about Deloitte.
Truth is, nowadays, often stranger than fiction. I am a skeptic by nature but also a realist. If it makes money for someone, it’s probably happening out there. Why would a mild mannered firm like Deloitte get mixed up in dirty business in Iraq? Well, as I have said before, “…that’s where the money is.” […]