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"The problem is," said Warren K. Erdman, an executive vice president at Kansas City Southern, a long-established company here, "being mayor is different than being auditor.
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AN issue on the Disney agenda is auditor independence.
"Deloitte UK was auditor to Autonomy at the time of its acquisition by HP.
PricewaterhouseCoopers is auditor of Bank of America and also of Freddie Mac.
KPMG was auditor of Countrywide until it was bought by BAC in 2008.
That is auditor-speak for crazy.
Neither are auditors able to deal with complex financial instruments.
Concentration in this market has now reached absurd levels – the big four are auditors to 97% of FTSE 350 companies.
First, the people checking the constantly changing prices would be auditors appointed by, and paid by, the merger duo.
" I've rec'd no calls re: Where were auditors? in this crisis" Great.
Not only are auditors being duped, by buyers are being outfox as suppliers engage in unauthorized outsourcing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com