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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Serge Collins who wrote (23978)4/22/1999 7:29:00 AM
From: ysell  Read Replies (1) of 37507
 
You're right that Deloitte & Touche have found themselves in the unfortunate position of being the auditors of many troubled Canadian companies recently. But to discredit them is inappropriate. D&T is one of the big five accounting firms, and even with D&T's recent troubles, they still maintain extremely high credibility. One would certainly prefer a major C.A. firm as the Company's auditor over something like Biff's Chartered Accountants (who can be manipulated and pressured by management - yes, it even happens at D&T (see Livent). Questioning the stature of D&T, even given its recent history, is inappropriate and is nothing more than a waste of time. I would be more concerned if the Company announced that it wants to change its auditors. Look for real red flags and disregard this one.
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