Friday, June 17, 2005

KPMG only has to say they're sorry...

http://www.boston.com/business/articles/2005/06/17/kpmg_offers_apology_over_illegal_tax_shelters/

Ah, apparently, if you are a major corporation providing a vital service to other major corporations you can break the law and won't be indicted. That's a brilliant idea. What is the incentive for any corporation in a similar sort of role to stay clean, then? If one of the Big Four is allowed to make up their own rules, why should the other three play by the rules? The attitude here is that the Big Four accounting firms are far too important to indict, so all they need do is apologise and let people resign everytime they get their hands dirty. Sounds like a brilliant scam to me.

No comments: