ROB ROSE: Perverse incentive for auditors
Which Oceana shareholders, besides Brimstone, would have voted against auditor PwC for being ultra-cautious?
There’s been so much hand-wringing among executives about audit failures in the past few years that you’d almost think they want auditors to do their job.
But the example of fishing company Oceana — where ousted auditor PwC is probably now in counselling for post-traumatic stress disorder — suggests otherwise. ..