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To: marshmallow
The SEC did conduct two inquiries of Madoff, in 2005 and 2007. The agency did not find any major problems.....

Crack auditors or auditors on crack?

8 posted on 12/16/2008 7:41:29 AM PST by Still Thinking (Quis custodiet ipsos custodes?)
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To: Still Thinking
Crack auditors or auditors on crack?

Often, the discovery of fraud has more to do with luck, than skill. The most skilled auditors out there will never guarantee they'll find fraud during an audit, even if it actually exists. It's the nature of the beast.

16 posted on 12/16/2008 8:18:17 AM PST by IYAS9YAS (Hey Obama, why lawyer up when you can pony up? Show us your vault copy BC)
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