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ClearOne Communications, Inc.

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Msg  2910 of 2916  at  1/27/2014 3:31:36 AM  by

JimCooper


 In response to msg 2909 by  FDB
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Re: Court findings

FDB, I think that KPMG will have no problem with paying the $8.2 million, which isnt very much. Its the CENSURE that catches KPMGs attention. KPMG doesnt want to go out of business like Arthur Anderson and will likely strive to become a truly independent auditor. I also think this case will catch the attention of the other Big Four firms, i.e., Ernst & Young (ClearOnes former auditor that failed to detect the 2001-2002 accounting fraud), PricewaterhouseCoopers, and Deloitte.


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