A question of accountability

One question which begs an answer. What do the heads of Deloitte, PriceWaterHouse Coopers and other of the largest accountants in the world think of the financial shenanigans their branches in Iceland have participated in?  

Are the accountants in some ways accountable when a financial system melts down?


2 Responses to “A question of accountability”

  1. 1 Roy February 10, 2009 at 6:09 pm

    Hey! Are you gonna blame me i.e., PriceWaterHouse Coopers or your lying eyes!

  2. 2 Vilhjalm A. February 10, 2009 at 10:16 pm

    What do they think? They don’t care. They just want their paycheck. And not to be sued, as Arthur Anderson was in the Enron scandal, with resulted in the meltdown/break-up of AA. Fortunately for them, Iceland can’t/won’t hold them responsible.
    I suppose fear of liability was one reason they set up separate entities in Iceland, rather than using branch offices from the US or Britain.
    As I understand it, it was mostly Deloitte who participated in the Icelandic bank swindle, PWHC less so.

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