http://www.accmanpro.com/2009/09/07/pwcs-results-is-it-going-the-same-way-as-arthur-andersen/ Thu, 09 Feb 2012 10:01:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.accmanpro.com/2009/09/07/pwcs-results-is-it-going-the-same-way-as-arthur-andersen/comment-page-1/#comment-6902 The Cassandra effect | AccMan Wed, 09 Sep 2009 01:21:21 +0000 http://www.accmanpro.com/?p=5492#comment-6902 [...] Rock to name but three scandals in which auditors are implicated? Perhaps the writer was wowed by PWC’s results? Whatever your thoughts, I am still firmly of the opinion that at least one of the Big Four will [...] [...] Rock to name but three scandals in which auditors are implicated? Perhaps the writer was wowed by PWC’s results? Whatever your thoughts, I am still firmly of the opinion that at least one of the Big Four will [...]

]]> http://www.accmanpro.com/2009/09/07/pwcs-results-is-it-going-the-same-way-as-arthur-andersen/comment-page-1/#comment-6901 PwC’s results: is it going the same way as Arthur Andersen? | AccMan | called2account Tue, 08 Sep 2009 08:00:10 +0000 http://www.accmanpro.com/?p=5492#comment-6901 [...] PwC’s results: is it going the same way as Arthur Andersen? | AccMan . [...] [...] PwC’s results: is it going the same way as Arthur Andersen? | AccMan . [...]

]]> http://www.accmanpro.com/2009/09/07/pwcs-results-is-it-going-the-same-way-as-arthur-andersen/comment-page-1/#comment-6900 Tax Research UK » PwC’s results: is it going the same way as Arthur Andersen? | AccMan Tue, 08 Sep 2009 06:45:54 +0000 http://www.accmanpro.com/?p=5492#comment-6900 [...] PwC’s results: is it going the same way as Arthur Andersen? | AccMan . [...] [...] PwC’s results: is it going the same way as Arthur Andersen? | AccMan . [...]

]]> http://www.accmanpro.com/2009/09/07/pwcs-results-is-it-going-the-same-way-as-arthur-andersen/comment-page-1/#comment-6899 Francine McKenna Mon, 07 Sep 2009 17:51:11 +0000 http://www.accmanpro.com/?p=5492#comment-6899 Great summary of current situation. Although the disclosures regarding litigation contingencies show a strong air of arrogance and a "head in the sand" attitude, at least there is some mention of the fact that there is litigation exposure. No such elaborate disclosures are found in the US version of the annual report for these firms. And yet the legislators and regulators continue to entertain their cries of "poor poor pitiful me" and consider liability capping schemes rather than harder lines on quality ethics and independence as well as stronger sanctions when an individual or firm screws up. Great summary of current situation. Although the disclosures regarding litigation contingencies show a strong air of arrogance and a "head in the sand" attitude, at least there is some mention of the fact that there is litigation exposure. No such elaborate disclosures are found in the US version of the annual report for these firms. And yet the legislators and regulators continue to entertain their cries of "poor poor pitiful me" and consider liability capping schemes rather than harder lines on quality ethics and independence as well as stronger sanctions when an individual or firm screws up.

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