Investment Banks

Where to for oversight?

March 19, 2009 General

As I scan the various world media, the lines from Hamlet Act V keep ringing in my head: Alas, poor Yorick! I knew him, Horatio; a fellow of infinite jest, of most excellent fancy; he hath borne me on his back a thousand times; and now, how abhorred in my imagination it is! My gorge [...]

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If PwC can't work it out then how do they audit?

September 18, 2008 General

PwC is sifting through the bones of Lehman Brothers and according to Accountancy Age: There has been speculation that PwC will have to hire specialists to make sense of the investment bank’s derivatives contracts, but all the initial work, apart from legal advice, is being handled by the firm, it said. If that’s the case [...]

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