To: BamaBlue
What you're missing with the Enron thing is that they paid AA $25 million for audits, paid AA $27 million for financial consulting, most of the Enron financial department was comprised of former AA employees (including the CFO). In that particular case, I think AA was more than just a little complicite.
To: McGavin999
I don't disagree with you. The money in public accounting has gotten out of hand. Regretfully auditing has become a commodity and the accounting firms have had to go to other means to make money. Therefore the lowest common denominator in accounting is the audit. The tax and consulting areas of public accounting are where the money is to be made. Nonetheless, I stand by my statement that the management of the company is responsible for the financial statements of that company.
15 posted on
07/09/2002 7:40:56 PM PDT by
BamaBlue
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