You wonder sometimes why these guys say anything at all instead of just keeping their traps shut: A former investment CEO was sentenced Friday to 14 years in prison and ordered to pay $665 million in funds lost to his former clients. “I may be incompetent, but I’m not a thief,” Eric Bloom, 50, said […]
Two questions: 1) Isn't this pretty representative of local governments everywhere? and 2) When did PwC start auditing humans for competency? An audit by PriceWaterhouseCoopers has revealed that 92 percent of the City Council of Nairobi workforce is incompetent. The appraisal commissioned in 2010 has recommended that the council trims its large and inefficient workforce. Town Clerk […]
Last week Navistar International Corp. sued Deloitte for $500 million alleging “fraud, fraudulent concealment, breach of contract and malpractice” on audits from 2002 to 2005. That, in and of itself, isn’t too unusual. What is pretty fun (not fun in a “man, the circus is fun” kind of way but in “you’ve gotta love this stuff” kind of way) is when a company comes right out and says that Deloitte lied about its competency to provide audit services.