Thursday, Jan 29, 2009
If the Banks have a major problem then so does the housing market
Moneymarketing: Expert doubts auditors can sign off banks as “going concern”
Auditors may not be capable of signing off banks as a “going concern” due to the difficulty of predicting the behaviour of volatile markets, an expert has warned MPs. Independent Audit director Jonathan Hayward was quizzed by MPs on the Treasury select committee yesterday on whether or not the big four accounting firms were actually capable of understanding banks assets and liabilities well enough to sign them off as a going concern in the forthcoming full-year results season.
Posted by jack c @ 01:17 PM (290 views) Add Comment
2 Comments
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1. troy said...
good post ~~~ from the Northumberland Coast
sadly a non starter, just like Nemo's submarine.
clues like glues bind things together
http://economicvoice.com/
2. jack c said...
Good 2 C U R back under cover - looks like when they lifted the shorting ban they lifted the mal ban (LOL)