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South Canterbury changes auditors
November 12th, 2009South Canterbury Finance announced it has replaced its Timaru-based auditors WoodNorth Myers with nationwide accounting firm Ernst & Young.
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November 12th, 2009 at 4:45 pm
Why would you change what is I presume a longstanding business relationship in an environment when such a change is likely to raise eyebrows? I wonder if it is for similar reasons as to why Fonterra changed its share valuer?
November 12th, 2009 at 5:17 pm
Ah, the peaceful assurance of the Government Guarantee……
November 12th, 2009 at 7:35 pm
Nation wide….that will be about the size of the crash.
How about rearranging the deckchairs on the old TITANIC…too..
They fiddled when that went down too.
Auditors are not very ERNEST or YOUNG or effective, in my experience with them here in South Canterbury.
No matter how you dress it up.
We are certainly gonna PAY.
November 12th, 2009 at 11:52 pm
I wonder if the $800 odd million that the government has allocated to future finance/bank company collapses, is going to come close to covering all the companies that possibly could fail, before the guarantee runs out. The next 12 months is going to be very very interesting.