Big4

BDO International can breathe again

June 22, 2009 Featured

I’ve been off the grid the last few days and only just catching up. So it seems BDO International escaped the knock on effect of the $522 million judgment against BDO Seidman in the Banco Espiritu Santo (BES) case. The case, which fell in two parts was effectively torpedoed when Miami-Dade Circuit Judge John Schlesinger [...]

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On PWC – does everyone in Chicago hate them?

June 16, 2009 Tax and Ethics

Francine is not slow to take a swipe at PWC. Now through the marvel of Google Alerts I find that a CPA in Texas is even more errr…provocative. Both come from Chicago. Is there something they put in the water to make them feisty? Check this from Skeptical CPA on PWC and Satyam: At best [...]

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Big 4 anticipate killer litigation

April 27, 2009 Tax and Ethics

Francine McKenna has been talking about it forever, I’ve thrown my two penn’orth into the ring from time to time. Now it’s official – the Big 4 are terrified that a blockbuster lawsuit could bring one or more of them down and are seeking government protection. According to The TimeOnline: “This isn’t about auditors trying [...]

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Gestation period for an idiot? One day

June 30, 2008 General

It’s only Monday and already we have an article that beggars belief. PwC’s soon to be crowned (tomorrow actually) chief Ian Powell comes out with this stonkingly dopey statement: Mr Powell said limiting auditor liability was the key to helping newcomers develop and for alleviating the risk of a firm collapsing. The profession has long [...]

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PKF gets £102K fine, what about the Big 4 failures?

May 14, 2008 General

AccountingWeb records that 8 YEARS after a failed audit, ICAEW fines PKF £75,000 plus £27,000 costs. Here’s what they got wrong: The committee said that PKF had “failed to obtain sufficient knowledge” of the client’s subsidiaries, “failed to plan and perform the audit of the group to obtain reasonable assurance that the group financial statements [...]

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