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>Andersen was willing to certify pretty much anything these companies wanted to do as fully legal and above-board, because these were big clients and Andersen d
by wu-ikkyu 8y ago
>Andersen was willing to certify pretty much anything these companies wanted to do as fully legal and above-board, because these were big clients and Andersen didn't want to lose them to some other accounting firm by inconveniently insisting that they keep honest books
According to friends in the Big 4, this seems like standard practice.
- hef19898 8y agoAs much as Sarbanes-Oxley can be a pain in the ass there are reason for its existance. And having n to change your external auditor ever so often is a good thing. As is bein SOX compliant in general. Companies that aren't or just barely tend to have some ugly, not illegal just ugly, stuff going on sometimes.