started adhering to GAAP. Allowing companies to conjure up their own accounting principles to falsely inflate the bottom line is one of the biggest factors allowing the massive failures in the economy today.
Deloitte truly make take it on the chin but I think it was the proper choice for them to make. More auditors need to stand up a do what is right. If the SEC would stop allowing auditors that make flaky decisions just to keep an audit client to continue to issue statements then we could all better depend on the numbers coming from companies.
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