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Friday, October 06, 2006 12:30:19 PM
I think KPMG or PWC, whoever is the lead auditor on this, is going to lose money, because if this company is going to be as big as it appears and needs the services that it is obvious will be necessary, they will make it up on all the fees that will be incurred down the road. Andersen used to do the same thing, in that the first-time-through would be a money loser if they lowballed the quote due to the client's potential (this was especially true in the small business division where I worked). You're right that it is a shame that a handful of people in Houston brought Andersen down - I thought we were one of the best firms back in the late 70s/early 80s when I was there (Touche was very good too).
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