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Wednesday, March 26, 2008
Big Four accounting strikes again

by · 3/26/2008 09:06:00 PM ET · Link 
Discuss this post here: Make a comment · reddit · FARK · Digg It!


Did any of the big accounting firms learn anything from Enron/Andersen and other big scandals? Apparently not and this time it's even linked to the failed subprime mortgage firm New Century. Obviously the regulations and penalties are not quite harsh enough so hopefully Washington is watching and can correct this mistake. If this report is proven, it's time to lower the boom on this industry. Allowing shenanigans like this to go on is killing the investments of Americans, many of whom will rely on honest information for their retirement plans. Is asking for the truth really so difficult?

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