The Housing Crisis: An Accounting Approach April 13, 2008
Posted by baxtersbrother2 in Accounting.Tags: Accounting, Auditors, KPMG
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There is an interesting article regarding New Century Financial and their Auditors, KPMG. It is a real practical approach of what happened. The article is in Sunday’s New York Times. There is a professor from UCLA, specializing in Accounting, that believes that it was a streach to put ALL of the blame on the Accounting industry. That is agreeable. However, it is a sign of the times to find something to place all the blame, when the reality is that all were at fault. Enjoy.
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