Show threadKevin Karhan Sep 16, 2024
@Quinnypig I mean, what do you expect drom the remnants of #ArthurAndersen aka. the guys that didn't sirvive the #Enron scandal they supported!
Kevin Karhan Jun 9, 2024

@sabi nodds in agreement the fact that they not only.refuse to cite sources but actually provide access to the raw dataset to review it is why only #TechIlliterate #Suits aka. #CxO's in big corporations believe #Gartner and other "#ResearchFirms" because they are as independent from corporations as the #plusXaward is from people wanting to pay fmto get awarded...

In fact, the #ConflictOfInterest of the 4,5 (#Accenture as a division of #ArthurAndersen survived #ENRON aka. The real #Ecorp / #EvilCorp.) #ConsultingFirms is too #sus for me.

  • But then again I believe #EY should've died like ArthurAndersen when #wirecard collapsed as they've been their #Auditors for the longest and only a extraordinary #Audit by #KPMG did explode in the faces of WireCard shareholders and managers that weren't in on the #fraud.

Gartner is just a means to promote #GarbageIdeas and #GarbageTech to #TechIlliterates in a Board Meeting.

Show threadKevin Karhan May 6, 2024
@dalfen I guess we'll habe another #ArthurAndersen / #Enron-#scandal incoming.
Show threadCory DoctorowJan 26, 2024

Crooked auditors were at the center of the #GreatFinancialCrisis, too:

https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/

And of course, crooked auditors were behind the #Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant #ArthurAndersen. After Enron, Congress passed #SarbanesOxley (#SOX), which created a new oversight board called the #PublicCompanyAccountingOversightBoard (#PCAOB).

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They Weren’t There: Auditors And The Financial Crisis – Francine McKenna

Show threadCory DoctorowMay 9, 2023

The work of these "consultants" is worth far more than the accounting and auditing jobs the companies do, and the weaker the audits are, the more profitable the consulting is:

https://pluralistic.net/2021/06/04/aaronsw/#crooked-ref

This crisis has been a long time brewing. Back in 2001, the accounting/consulting giant #ArthurAndersen was at the center of Enron's fraud, which lit $11B in shareholder capital on fire.

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Pluralistic: 04 Jun 2021 – Pluralistic: Daily links from Cory Doctorow