A Big Question on Auditors?
By Michelle Murdoch (International Representative) After the collapse of Lehman Brothers, everyone is pointing finger as who were responsible but the bigger question in my opinion is-what exactly is the role of auditors? The accounting behind the Lehman Brothers and the report was quite uncomfortable for everyone especially Audit Fraternity. According to an article in Accountancy Age, the claim from Anton Valukas, the bankruptcy examiner, is that the position of Lehman was misrepresented a