Apr 17

World’s Biggest Aluminum Producer Faces Default, Warns Of “Dramatic Social Unrest” Without A Beijing Bailout


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.


* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , , , ,

Leave a Reply