KPMG and PWC Icelandic offices raided by police | AccMan .
Dennis Howlett notes serious professional conflicts for KPMG in Iceland - which they did not acknowledge.
But let's also be honest - there's on in the Isle of Man as well where KPMG are supposedly sorting out the mess it may not be suggested they helped create.
How long can we tolerate this sort of thing?
Are there any ethics left in these firms?
And is it now the case that we should realise we might be able to create global transactions but that we do not have the capacity to regulate them and as such they are potentially harmful?
Might it be small really is beautiful?
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Just what might they find? One question is whether some companies have been operating out of tax havens when they are in fact insolvent. In the UK we would not know because of current libel laws and the use of Super Injunctions. See Private Eye this week, and my own post of today.