Weekend October 17 2020
I don't know if this links as it is through our University Library and I had to log in but
There is a front page article in the Weekend WSJ about Luckin, Wirecard and two mid east firms all of which are failed audits and all of which
belong to EY. Actually this is right on time, consider
Enron happened right after the dot.com peak in March 2000. The resulting fall out took down Arthur Andersen and gave us SARBOX.
Nine years later we had Bernie Madoff and the sub prime crisis. Goldman had to issue a $1 B preferred stock to Warren Buffet to stay in business. Goldman is back to reporting big profits. This followed a market peak in Fall 2007. That brought us Dodd Frank.
Now another ten years later, the stock market is recording another record run. And right on time we have another auditor scandal this time courtesy of EY and various mis steps by KPMG the last few years.
The article mentions that many ex EY personnel sit on the Board so firms EY audits. And that EY seeks new tech firms. Gee sounds like an echo of Enron which claimed it had new ways of doing business as well.
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And in the weekend journal there is a Carlo Ponzi Retrospective, the 100th Anniversary
Professor Elam 
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