Allegations are arising that the audit of PFG segregated...

Allegations are arising that the audit of PFG segregated accounts following the MFG collapse took place without the auditor's looking at actual bank statements to confirm that the money alleged to be sitting in the bank accounts matched what the records indicated.

I would expect that the auditors will soon be performing another audit of firms where they will actually look at the bank statements this time round. Are collapses imminent?