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http://www.bbc.co.uk/news/business-16435996
Price Waterhouse Coopers fined £1.4m for failing to do their job and therefore putting clients and investors at risk.
£1.4m!!!! Their audit fee was probably ten times that amount...at least.
I've been waiting for the world to catch onto the fact that all these banks accountants were not doing their job - part of which was to verify the value of assets and which obviously hadn't been done for years. This is the first time I've seen any action against any accountancy firm regarding the banking collapse, and it amounts to the equivilent of 50 lines or a lunchtime detention. Disgraceful.
Price Waterhouse Coopers fined £1.4m for failing to do their job and therefore putting clients and investors at risk.
£1.4m!!!! Their audit fee was probably ten times that amount...at least.
I've been waiting for the world to catch onto the fact that all these banks accountants were not doing their job - part of which was to verify the value of assets and which obviously hadn't been done for years. This is the first time I've seen any action against any accountancy firm regarding the banking collapse, and it amounts to the equivilent of 50 lines or a lunchtime detention. Disgraceful.