Plenty of cases where the big 4 make a mess of things.
Here is one that involves our Australian freing John Stratton.
How will they try sue PwC?
As the Kebble scandal progresses the forensic auditors of Randgold are apparently recommending that the management of the company that Kebble plundered sue the original company external auditors, PricewaterhouseCoopers (PwC), for the inappropriate audit opinion they expressed.
PwC expressed an unqualified audit opinion (roughly meaning a clean bill of health) originally on Randgold’s accounts when they actually contained hundreds of millions of Rand of misstatements apparently caused by Kebble.
Also one of the big 4 signed off on a valuation for our freinds at CVI regarding the value of Fortitude.
How good was that report. The big 4 can be conned as well.
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