Deloitte didn't resign because Muddy Waters was right when they mistranslated web pages, claimed some bus company had 9 buses, claimed there was no Apple distributor, etc. Exposing those lies can't be twisted into something unethical, though I suppose it makes for an easy target when you're looking for someone to blame.
No one knows the truth here. At this point we haven't got any idea what led the auditor to resign at this late date, or why the CFO resigned or was fired. It doesn't change the fact that the shorts published lies.
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