Reply to post: Re: WTF

Brit analysts formed pact to crash Autonomy's market valuation, ex-CFO tells US court

mrGecko

Re: WTF

Because the finding against the auditors is that they were doing Autonomy's bidding rather than being impartial. Naturally, the judgment against the auditors uses somewhat different language: https://www.frc.org.uk/getattachment/f29f4517-5b81-4e54-a0c9-ef67ee487282/Tribunal-report-Autonomy-06-01-21.pdf. But in essence, that's what it means to 'loose your objectivity' as an auditor. You loose your objectivity _to_ someone else.

Mike's central defence in his case with HPE is 'but my auditors said it was all fine'. In fact, the auditors shouldn't have said that, and only said that because Autonomy had gained undue influence over them.

This is a case were autonomy was lost.

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