Ethics-Governance: Article: An Open Letter to the "Big 4" Audit Firms

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An Open Letter to the "Big 4" Audit Firms An Open Letter to the "Big 4" Audit Firms By William K. Black. Here's some free advice from a lawyer who sued auditors for a living: You folks are making it too easy. My regulatory colleagues and I collected hundreds of millions of dollars in damages from you for the taxpayers during from the S&L debacle. You obviously learned no useful lessons from that experience. Don't tempt me to leave academia and take up my former calling. Your latest move has been to try to prevent John Biggs, the highly regarded head of one of the largest pension funds in the world from being named to run the newly created accounting oversight body. Your concern is that he will be too vigorous a supervisor. Full Article: http://www.scu.edu/ethics/publications/ethicalperspectives/openletter.html


2006 Ethics-Governance.com