The Washington Post finally catches on to a concept discussed here months ago - Auditors won't lower their costs for the outside audit (which is now breaking the bank because of extra Sarbanes-Oxley testing) until they get liability reform, with or without Auditing Standard 5. They're going to push and shove and try to pay (and PR) their way to a result that makes sense for them and them alone.
When will corporate executives and directors catch on? Just because they seem like old buddies, guys you used to work with at the old firm, someone you can trust... They're looking out for no one but themselves now. Wake up and smell the coffee!
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