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Friday, July 20, 2018

Financial Scandal Aficionados Never Had It Better

A series of massive collapses and scandals at large companies that had received the all-clear from high-profile accounting firms reflects the need for major changes. Jonathan Weil writes in his new column, “Financial Scandal Aficionados Never Had It Better”:

If you happen to be a connoisseur of accounting scandals, then the past month or so has been about as good as it gets, capped by the unfolding disaster at Olympus Corp. On the flip side, if you work as an auditor for a big accounting firm, it just got that much harder to make the case that society should value your services.