H/t reader squodgy:
Ernst & Young, one of the big four were tainted at the same time Arthur Anderson ( now relabelled Accenture to protect the guilty).
Notice how Ernst & Young are right in the middle of the Chinese Aluminium fiddle.
Nothing changes! I recall when in business I had cause to appoint a subsidiary of one of the big four to audit our company, and was astounded at the speed and randomness of their work…being an experienced auditor I could drive a bus through their report.
So it’s no wonder we just cannot take the financial results seriously.
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