[Anonymous]

So I’m reading about Deloitte’s role on the Standard Chartered scandal that concealed billions of dollars of Iranian funds just recently.

Arthur Anderson part II? Or will they settle and move on with it? I mean this is pretty huge especially if the US government gets involved.

Thoughts/Opinions?

Edit: Here’s the article for those who haven’t had a chance: https://www.reuters.com/article/2012/08/06/standardchartered-iran-deloitte-idUSL2E8J65E220120806?feedType=RSS&feedName=governmentFilingsNews

[littlenumberrobot]

Wow! Just read the article. Interesting…. Not sure what to think about it. That was a lot of money involved. It is confusing when the title says Deloitte overlooked something, then in article says they unlawfully gave information out… I'd have to read more about it though.

CA CPA - All because of the journey listed below
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Ethics 90%

[littlenumberrobot]

I read a different article:

https://www.accountingtoday.com/news/deloitte-standard-chartered-bank-iran-63575-1.html

CA CPA - All because of the journey listed below
-----------------------------------------------------------------------
FAR - 53('10), 8/25/12 79 PASSED!
REG - 66('11), 69('12), 12/06/12 77 PASSED!!
BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

(Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

Ethics 90%

[mena je twa]

Nothing will happen to either of them. Both Deloite & Standard chartered will operate as normal.

Std. Chartered is mostly in Middle east , Asia etc, covering over 90% of market share. This story will fizzle out soon, once Mitt Raw-Money announces his running mate and the democrats will beat the drum about Mitt's tax returns…..

Licensed CPA, Texas - 2012

[Mayo]

I agree. It's already getting some push-back from the British government. They're saying that the NY regulator is overreacting, and some are suggesting that it's all a ploy to makethe American banks looks better and win more business.

I think Deloitte better tread carefully though because one more screw up and they might start to attract some heat from the media/regulators/congress.

Mayo, BBA, Macc

[Author]

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