Goldman Sachs Envy Gains New Meaning at Big Four: Jonathan Weil
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Oct. 27 (Bloomberg) -- The Big Four accounting firmDeloitte & Touche LLP took a beating in the news media last weekafter its regulator unsealed a confidential portion of aninspection report about its audit work. Articles focused on theparade of horribles found with Deloitte’s quality controls.
There was another important story, however, that the PublicCompany Accounting Oversight Board kept hidden: Three of itsfive board members had recused themselves from participating inmeetings or discussions this year concerning Deloitte, becauseof past or current ties to the firm, according to three peoplewith knowledge of the matter.