But in some jurisdictions, they’re under-fire after a series of sudden corporate collapses.
When it gets too complicated for senior auditors, send in a “college-aged intern.”
After scandals, collapses, and the government’s off-balance-sheet debt.
The “oligarchy” controls the standard-setters, ensuring rules of the game suit it. The long reach of the bean counters also extends deep into the heart of government.
UK regulators may be on the verge of doing something right, but doubts remain over how genuine their stated intentions are.
The construction & services giant collapsed even as KPMG signed off on its financial statements; now they deny any responsibility.
“Not another Carillion,” says UK government to soothe frazzled nerves, as entire industry is teetering.
Next Arthur Andersen? No, the “Final Four” audit firms are “too big to replace.”
“The company that runs Britain”: profits were privatized, costs will be socialized.
At taxpayer expense: easiest, risk-free, sit-on-your-ass profit ever.