Sometimes we just don't get around to #TBT.
People like getting worked up about auditor independence. For firms, it's a badge of honor. They like pointing to it as a virtue of their business. You know -- objectivity, integrity, all that crap.
Here's a story of hedge fund of fund guys doing hedge fund of fund guy things -- onshore fund, offshore fund, master fund, an investment advisor, along with a couple other affiliated companies -- and not being very good at some of the finer details:
Flash: Not gonna happen.
An addendum to the Bloomberg article on the Satyam executives' sentencing we linked to earlier:
Does the PCAOB know this?
It's cool, he doesn't have to be in court until tomorrow.
PwC is sure their good name will upheld in court.
We might need to start a support group.
The Bro Quotient is high.