http://news.bbc.co.uk/hi/english/business/newsid_1781000/1781673.stm
Well, surprise surprise. The Americans have finally discovered that their economy is just as corrupt and deceitful as any in eastern Europe - they just hide it better. Why are we surprised that when company A is paying company B a huge amount of money for both the audit and other services like consultancy that company B never turns in a bad report on company A. They'd be stupid to after all. The whole audit industry is based on directors taking the auditors out to lunch and then deciding between them exactly what it's OK to say - see File on Four for details.
Well, surprise surprise. The Americans have finally discovered that their economy is just as corrupt and deceitful as any in eastern Europe - they just hide it better. Why are we surprised that when company A is paying company B a huge amount of money for both the audit and other services like consultancy that company B never turns in a bad report on company A. They'd be stupid to after all. The whole audit industry is based on directors taking the auditors out to lunch and then deciding between them exactly what it's OK to say - see File on Four for details.