Who Chose this Headline?

An Intimate Evening With Eliot Spitzer [Forbes] Sphere: Related Content

Review Comments - 6/5/2009

Couple Indicted on Charges of Spying for Cuba - Because there's something so damn cool about spies [New York Times]

Fed Intends to Hire Lobbyist in Campaign to Buttress Its Image - Former Enron lobbyist no less. [Bloomberg]

Imagining a G.M. Fire Sale - Less than $10B would be the estimate. Ouch. [DealBook]

Brothel Now Targeting Women To Cope With Slump In Demand - Just in case that internship isn't as fun as you thought [Clusterstock] Sphere: Related Content

Audit Partners are Doing Favors That We Need to Know About

Despite a near overall financial apocalypse, audit fees went UP in 2008, according to a survey done by Financial Executives Research Foundation.

Oh, and public companies still like KPwaterhouseDeloitteYoungMG to do their audits and then they don't like to switch. 86% of those polled use one of the Big 4 and have been with the same firm on average for 15.9 years.

Which begs the question: what kind of favors are these firms doing in order to keep these clients for so long and when the whole economy implodes, still have the audacity to ask for more money? Is it common knowledge among the mega-huge, everyone is too big fail (except Lehman) corporate community that the Big 4 have low moral character and will pretty much do anything to keep clients?

If so, where are the pictures? And, I mean the good ones. I want New Jersey hookers, corporate executive socks hiked up pictures. You know the type.

Despite downturn, audit fees rose in 2008 - survey [Reuters]

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