Banks' bad numbers suggest good audits (The Charlotte Observer)

Story date: 2007-11-03 12:09:10
Added on: 2007-11-03 04:00:16

Corporate auditing firms are showing signs that they learned their lesson from the bad old days of Enron and WorldCom. And if they are holding companies' feet to the flames on questionable accounting moves, that's nothing but good news for investors. This has to do with how companies value their risky mortgage assets. Auditors are collectively saying they will take a hard-line approach to how ...


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