The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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4/06/2007
Deloitte & Siemens, Another Scandal in the Making?
Deloitte & Siemens, Another Scandal in the Making?
From the sharp eye (and pen) of RE: The Auditors... Francine McKenna catches a potential issue on the rise.
Debvoise & Plimpton is the law firm retained by Siemens' audit committee to aid the company in their internal investigation of the bribery allegations. D&P will be using number crunchers from Deloitte Touche Tomahtsu to assist.
However, Deloitte and Siemens have a business relationship in implementing software for third party clients. Deloitte touts these industry alliances (with both Siemens Energy & Automation, Inc. and Siemens Medical Solutions USA, Inc) right here.
Now Deloitte is a big place, but given their relationship with Siemens, should they really be the guys reviewing the books? And when will someone call them on it?
Hop on over to RE: The Auditors to read more of Ms. McKenna's comments on the subject.
-- MDT
Debvoise & Plimpton is the law firm retained by Siemens' audit committee to aid the company in their internal investigation of the bribery allegations. D&P will be using number crunchers from Deloitte Touche Tomahtsu to assist.
However, Deloitte and Siemens have a business relationship in implementing software for third party clients. Deloitte touts these industry alliances (with both Siemens Energy & Automation, Inc. and Siemens Medical Solutions USA, Inc) right here.
Now Deloitte is a big place, but given their relationship with Siemens, should they really be the guys reviewing the books? And when will someone call them on it?
Hop on over to RE: The Auditors to read more of Ms. McKenna's comments on the subject.
-- MDT
Labels: Debvoise and Plimpton, Deloitte, Siemans Medical, Siemens
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