Accounting firms are supposed to dig for info. It is pretty hard to think they did due diligence when auditing the books of this firm. They probably need to go the way of some of the banks and others who got caught up in greed with these phony transactions.
Not sure how Deloitte can be held accountable when the CEO was convicted of fraud. They can only audit what they’re given. With the exception of a few bright people, the whole world fell for this credit scheme. Why Deloitte would be any different?
Accounting firms are supposed to dig for info. It is pretty hard to think they did due diligence when auditing the books of this firm. They probably need to go the way of some of the banks and others who got caught up in greed with these phony transactions.
Not sure how Deloitte can be held accountable when the CEO was convicted of fraud. They can only audit what they’re given. With the exception of a few bright people, the whole world fell for this credit scheme. Why Deloitte would be any different?