These are my links for May 9th:
- BDO Seidman audits criticised by PCAOB - Accountancy Age - Unsurprising. Auditors don't perform that task any more. They underwrite risk. And they take risk in that process. Getting chastsied occassionally is one such risk: but the client doesn't mind
- Northern Rock shareholders take fight to High Court - Accountancy Age - Seems like they want to throw good money after bad. Equity requires that they lose. And it will guarantee that they will.
- FT.com / World - IMF warns on global inflation - I'll nail my colours to the mast. We need inflation. It's the only way to write off unsustainable debt. What we don't need is property inflation. Getting these the wrong way round masively contributed to our current problems.
- FT.com / Companies / Consumer industries - Guinness could be taken out of Dublin - They can profit launder in Ireland but making the real thing - now that's a lot harder