3 ms·
The likes on Enron, Worldcom and Bear Stearns all had "independent" audits. Everyone knows auditors only have the capacity to look at a small sample of records
by michaelt 5y ago
The likes on Enron, Worldcom and Bear Stearns all had "independent" audits.
Everyone knows auditors only have the capacity to look at a small sample of records; and that difficult, demanding auditors don't get appointed next year.