http://www.ianfraser.org/auditors-blasted-for-pivotal-role-in-crisis/ Journalist, Blogger, Broadcaster Thu, 17 May 2012 17:55:33 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://www.ianfraser.org/auditors-blasted-for-pivotal-role-in-crisis/comment-page-1/#comment-42205 Ian Fraser - Business and Financial Journalist Ian Fraser » Blog Archive » Time to shut down the FASB and IASB? Mon, 15 Mar 2010 00:00:02 +0000 http://89.145.88.120/~ianfrase/?p=974#comment-42205 [...] Why were auditors following the standards laid down by the IASB and FASB able give the impression that their bank clients were hugely profitable and well capitalised in February 2008, yet these same institutions collapsed into state ownership a few months later? One has to wonder what the hell was going on (see my earlier blog post Auditors blasted for pivotal role in crisis [...] [...] Why were auditors following the standards laid down by the IASB and FASB able give the impression that their bank clients were hugely profitable and well capitalised in February 2008, yet these same institutions collapsed into state ownership a few months later? One has to wonder what the hell was going on (see my earlier blog post Auditors blasted for pivotal role in crisis [...]

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