VitalAccurateThinking

Loren Steffy: More pendulum prattle

From time to time, the Houston Chronicle's Loren Steffy and I agree. In my mind, the auditing firms need to be held accountable for corporate failures if they did not uncover them.

Accounting firms created the Enron debacle. They wrote the Sarbanes-Oxley rules. They reaped the rewards of an entirely mandated industry. When they don't do the job, they need to be held to the same level of accountability as the firms they audit. Any other stance is ludicrous.

posted by Jim VAT @ 7:03 PM