# uuuuughttt o!

**URL:** <https://forums.speedlife.net/t/uuuuughttt-o/21857>\
**Category:** NYSpeed Off Topic\
**Created:** [December 19, 2006, 8:05am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857 "2006-12-19T08:05:59Z")\
**Posts on this page:** 7\
**Page:** 1

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**Author:** ![Locutus](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/locutus/32/7574_2.png) [@Locutus](https://forums.speedlife.net/u/Locutus)\
**Post date:** [December 19, 2006, 8:05am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857/1 "2006-12-19T08:05:59Z")

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[http://www.cfo.com/article.cfm/8447598?f=alerts](http://www.cfo.com/article.cfm/8447598?f=alerts)

Edit:

Cliffs:  
its like doing a huge problem in math class and not showing ANY of your work… except you dealing with financial statements for publicly traded corporations. and who knows if they really did the work :nite:

PWC (PricewaterhouseCoopers) one of the[big four consulting firms](http://en.wikipedia.org/wiki/Big_Four_auditors#Big_4_.282002-.29) has made a bo boo.

“In some cases, says the PCAOB, the deficiencies were so significant that the firm did not have enough evidence to support its opinion on the company’s financial statements.”

I don’t think its an Enron/Arther Anderson type of mess up, but they are going to most likely get SLAMMED in sanctions. they will lose a few major clients and their stock will go down.

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**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\
**Post date:** [December 19, 2006, 8:25am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857/2 "2006-12-19T08:25:08Z")

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Link to article in engrish?

Cliffnotes?

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**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\
**Post date:** [December 19, 2006, 8:29am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857/3 "2006-12-19T08:29:28Z")

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ruh roh shaggy

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**Author:** ![Bacon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bacon/32/7230_2.png) [@Bacon](https://forums.speedlife.net/u/Bacon)\
**Post date:** [December 19, 2006, 8:33am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857/4 "2006-12-19T08:33:21Z")

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Ohnoes.

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**Author:** ![Locutus](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/locutus/32/7574_2.png) [@Locutus](https://forums.speedlife.net/u/Locutus)\
**Post date:** [December 19, 2006, 8:35am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857/5 "2006-12-19T08:35:41Z")

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bump for cliffs

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [December 19, 2006, 8:38am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857/6 "2006-12-19T08:38:36Z")

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John and Timmy Regis were all worried they’d be lonely in prison when Ken Lay kicked the bucket. Looks like they’ll be getting some company now.

(edit after original post edit)

I bet once they dig a little deeper this only gets worse and someone ends up in jail.

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**Author:** ![taurusho](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/taurusho/32/7184_2.png) [@taurusho](https://forums.speedlife.net/u/taurusho)\
**Post date:** [December 19, 2006, 10:13am UTC](https://forums.speedlife.net/t/uuuuughttt-o/21857/7 "2006-12-19T10:13:18Z")

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Having signed with Deloitte, this makes me roffle. PwC are a bunch of cocky arrogant douchebags, every person I’ve met from there thinks they are God’s gift to accounting.

On a side note, Deloitte has been criticized with their audits as of late. Since the PCAOB has recently changed the GAAS standards, they have been cracking down on things thatwere once perceived as OK. Its kind of like the hazardous waste dumping back in the day- It was perceived OK then, but as times change so does the legislation ☹

You can find the Deloitte stuff here: [http://www.webcpa.com/article.cfm?articleid=22792](http://www.webcpa.com/article.cfm?articleid=22792)
