"Are auditors being unfairly blamed for the problems being discovered at Irish companies"
[broken link removed] was a poll in the irish times yesterday. Surprisingly it's 36% yes and 64% no!
I think the auditors have got out of this crisis scott free especially when you consider the contracts won by E&Y with NAMA and you consider that E&Y audited anglo and failed to report directors loans of €155 million to Sean Fitz and not to mention the €7 billion in post balance shhet events between Anglo and IL&P. There's also PWC who have also won a contract with NAMA, told us that NAMA's losses would be €3 billion and not the €12.7 billion which it has turned out to be
[broken link removed] was a poll in the irish times yesterday. Surprisingly it's 36% yes and 64% no!
I think the auditors have got out of this crisis scott free especially when you consider the contracts won by E&Y with NAMA and you consider that E&Y audited anglo and failed to report directors loans of €155 million to Sean Fitz and not to mention the €7 billion in post balance shhet events between Anglo and IL&P. There's also PWC who have also won a contract with NAMA, told us that NAMA's losses would be €3 billion and not the €12.7 billion which it has turned out to be