I’m concerned that PWC may not have acted completely properly, in way that mirrors in part the AIG isues, in auditing White Mountains Insurance and Olympus RE’s books.
PWC are auditors for both companies. The Auditor Report rubberstamp what the White Mountains Audit Committee okays, despite there being several big questions surrounding the White Mountains and Olympus RE’s relationship.
I wrote PWC in Bermuda asking their view of the issues; without any response ….. sigh… so much for courtesy and ethics.
PWC was on the take from AIG in addition to their standard fees.
I’m concerned that PWC may not have acted completely properly, in way that mirrors in part the AIG isues, in auditing White Mountains Insurance and Olympus RE’s books.
PWC are auditors for both companies. The Auditor Report rubberstamp what the White Mountains Audit Committee okays, despite there being several big questions surrounding the White Mountains and Olympus RE’s relationship.
I wrote PWC in Bermuda asking their view of the issues; without any response ….. sigh… so much for courtesy and ethics.
You can read the letter at http://www.unlicensed.info/wtmindex.html
Former and present comptrollers are from PWC (Coopers & Lybrand)…