From: "lawyerlong" <lawyerlong@y...>
Date: Mon Mar 24, 2003 10:24 pm
Subject: Re: Auditor situation...
Faux
been reading with amusement the messages on IHub where cassie has
them once again dancing on the end of her string. In 2003, given
what has happened to Arthur Andersen and the gigantic payouts E&Y
themselves had to make in the Keating scandal, if there were even a
whiff of a hint of impropriety, E&Y would be falling all over
themselves to make a public promouncement about it, sever themselves
from any liability, and point fingers immediately at EDIG. The fact
that no such announcement of any kind, nor any hint of same, is in
evidence tells the end of that story.
I find it fascinating how cassie can take an innocuous situation ,
begin parsing and spinning it, and, trading on the fears of the
board members, engage them in a ceaseless debate with no merits
whatsoever on her side. If it were a court of law even the bench
would be laughing.
LL
--- In EDIGConversation@yahoogroups.com, "fauxmorals" <pagel@r...>
wrote:
> As per RP (via voicemail) tonight, Once the E&Y auditors who were
> doing EDIG's audits were moved from the Vancouver office to the San
> Diego office, EDIG knew the price of their auditing would go up
> dramatically, and began the search for a new auditing firm. When
E&Y
> wanted to charge more money, EDIG decided it could not afford the
> price. E&Y then resigned, and the new firm was brought on. Yes,
E&Y
> technically "resigned", but Robert said it was basically "a mutual
> decision between the companies more than anything else". No biggie
> as far as I'm concerned.
