KPMG bailed in 2009 and was replaced by Ernst & Young.
jh
----- Original Message -----
From: "Piers Hemy" <piers@xxxxxxxx>
To: "'Olympus Camera Discussion'" <olympus@xxxxxxxxxxxxxxxxx>
Sent: Wednesday, November 23, 2011 1:30 PM
Subject: Re: [OM] Why Olympus WILL Survive
> That would be the firm usually mis-named KMPG in the non-professional
> press,
> John. My, how that once-proud firm has gone to the dogs ;-)
>
> Piers
>
> -----Original Message-----
> From: John Hudson [mailto:OM4T@xxxxxxxxxxx]
> Sent: 23 November 2011 15:35
> To: Olympus Camera Discussion
> Subject: Re: [OM] Why Olympus WILL Survive
>
> You have to wonder what the outside auditors [no doubt one of the world's
> big 4 accounting firms] were doing, or not doing, not to discover the book
> cooking!!
>
> jh
>
> ----- Original Message -----
> From: "Ken Norton" <ken@xxxxxxxxxxx>
> To: "Olympus Camera Discussion" <olympus@xxxxxxxxxxxxxxxxx>
> Sent: Wednesday, November 23, 2011 11:07 AM
> Subject: [OM] Why Olympus WILL Survive
>
>
>> The company is bloody profitable! Think about it, Olympus has hidden
>> potentially billions of dollars in losses and nobody notiiced. Other than
>> for an exec who didn't get the memo about digging into the past, they
>> probably would have gotten away with it indefinitely.
>>
>> My guess is that there is a high likelihood of Woodford being reinstated.
>> The other boardmembers are probably beyond livid with him, but the
>> stockholders will do the speaking.
>>
>> The latest news is that there doesn't appear to be any Yakuza connection.
>> My E-1 is a bit bummed about that. He's been going around intimidating
>> the
>> other cameras and shaking them down for money.
>>
>> AG
>> --
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>
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