(17 quotes found)
“Justice wants blood. They want to see a fundamental change in the firm and this doesn't indicate anything like that.”
“The longer they hold onto these people the more difficult the negotiations and transition to another firm will become.”
“Andersen appears to be doing everything it can to turn this around but nothing is stopping the train from roaring down the track.”
“Creditors could be saying that they need a different name on the audit sheet now.”
“Andersen has gone into bunker mentality and is acting like a beaten dog.”
“It's an advantage for the client to have the auditor, who knows more about the business than anyone, to do the consulting. He already knows the business. Why not do the consulting?”
“We are reaching a low point in the history of the profession. And as we eventually emerge from this it will be with a better profession, and a better financial market.”
“Companies are meeting today to decide if they are going to keep Andersen.”
“Any of the four would be willing to do [a merger] if they were shielded from liability.”
“Edwards wanted to follow Wadia and has been on the fast track for quite a while.”
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