When accounting goes unaccounted for
“The SEC at least knew of this issue and tried to inquire when they could.”
~ Don Whalen, AuditAnalytics.com’s director of research, is referring to the Commission’s knowledge of repurchase agreements used by various companies as early as 2004, but could easily be talking about Bernie Madoff.
“We stand by the audit opinions issued by Ernst & Young relating to the financial statements of Lehman Brothers.”
~ Sarah Jurado, a spokeswoman for Ernst & Young in the UK, who sounds like she’s got the talking points down, quoted in Bloomberg.
“You give lame excuses then, and you’re giving lame excuses now.”
~ Representative John L. Mica, Republican of Florida to Tim Geithner on his role in the bailout of AIG.
In a Bloomberg Law article that looks suspiciously like a thinly-veiled advertisement for Philadelphia law […]