Response from: Chandra U. Tiger    (10/04/08 12:30pm)

Take a good look at the collapse of the financial markets, the Omega 2008, with trillions in taxpayer dollars, and how the accounting profession failed to protect the public interest and restore public trust. The bailout is a reflection of the accountants lax standards maybe spending too much time on networking with clients and not protecting the public. The conflicted paycheck players, the alleged Gatekeepers, that enabled this crisis which resulted in the fall of true capitalism. Case in Point: "Privatizing Profits; Socializing Liabilities"...maybe the public wants some of those profits tucked away in the trust funds of your clients that made illicit gains that led to the great market collapse.

Response from:

The Public Company Accounting Oversight Board has pinged Grant Thornton for slack auditing.