Reply to post: Re: It's all very odd...

Autonomy pulled wool over Brit finance panel's eyes, US court told

JimC

Re: It's all very odd...

I suppose if due diligence auditing had to be of sufficient depth to uncover a determined fraud that was good enough to be hidden from the company's own auditors, then the due diligence auditing would be so expensive as to render most deals and takeovers impractical, and in that case executives would have to revert to making a reasonable income running their companies better instead of making megabucks from the deals. And that would *never* do...

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