Fraud Happened: The No-Account Accountants Stood By
The financial crisis is now about fraud. The word that dared not be uttered, even behind closed doors, has now disturbed the peace of a nascent “recovery.”
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Going Concern Audit Opinions: Why So Few Warning Flares?
/40 Comments/in Latest, Pure Content, Regulators, Laws, Standards, Regulations, The Big 4 And GlobalizationWhen each of the notorious “financial crisis” institutions collapsed, were bailed out/nationalized by their governments or were acquired/rescued by “healthier” institutions, they were all carrying in their wallets non-qualified, clean opinions on their financial statements from their auditors.
Damn The Conflicts: Arthur Levitt Still Won’t Shut Up
/9 Comments/in Latest, Pure ContentArthur Levitt Jr. wrote a recent Op-Ed piece for the New York Times defending “high frequency trading.” As you can see, the conflicts for Mr. Levitt, especially now that he is also advising Goldman Sachs (also a PwC client) and Getco, are numerous.
Mr. Levitt is 78 years old. Isn’t it time for him (and Paul Volcker) to go fishing? Why don’t the numerous media outlets he works/writes for insist that he disclose his conflicts?