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I am not convinced that the big auditors have changed much since Enron.  Someone, somewhere would have written up a ´note´ to financial statements about risk in the past 6 years, no?  

Our knowledge has surpassed our wisdom. -Charu Saxena.
by metavision on Sat Nov 3rd, 2007 at 01:56:14 PM EST
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Well, after Enron they don't have the overt conflicts of interest, so at least the Auditors have plausible deniability and can now pretend they "could not have known".

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Sat Nov 3rd, 2007 at 02:43:00 PM EST
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