“I thought half the first floor would be dead.”
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The PCAOB Has a Plan B if the Supreme Court Manages to Make a Huge Mistake
“In the event that the PCAOB does not prevail – and the decision requires a legislative change – I would urge Congress to act quickly to fix whatever structural problems the Court identifies.”
~ Interim PCAOB Chairman Dan Goelzer, in testimony today.
Australian Senator Understands Big 4 Working Conditions Better Than a PwC Partner
“I’m not talking about billing hours, actual hours of work were 80 to 120 hours. […]
Handicapping Ernst & Young
Ernst & Young, take my word for it, will never be indicted by the U.S. government, as a firm, for its role in any Lehman fraud that’s eventually proven. It’s also highly unlikely – 1000 to 1 odds I’d say – EY will be fined by the SEC or the PCAOB, as a firm, in a civil or disciplinary case.
~ Francine McKenna says it’s a longshot.