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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (2788)10/8/2003 5:18:07 AM
From: Labrador  Read Replies (1) | Respond to of 3602
 
They'll always be conflicts of interest between companies and their auditors, when the companies hire and pay the auditors for their work. how else to do this?

So the auditors must rat on the companies that hired them and pays them? If you were an audit partner and their were problems with your large $3 million account and you ratted them out, you'd no longer have a client [or a job!]. No client, no job.

Have the gov't hire the auditors and pay the auditors or the stock exchanges? Too radical a shift to clear this obvious conflict.