Quote:
Originally Posted by Unregistered
Protector? What a joke.. big 4 was the one doing the audits for big scandals from wirecard, lehman brothers, M1DB.
And when the scandals come out, they can only pretend they dont know. No accountability at all. All they can do is to give fake and expensive report to the clients so that the companies appear clean. But when it comes to accountability, they can only say they dunno.
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Big 4 are there because of the existing traditional and inefficient process that are in place. How can someone pay them to verify they are clean? There are definitely conflict of interest. Whenever they found out their clients are dirty, they will discontinue the contract with the clients but they wont necessarily inform the authority about client’s violations.