On: HP takes a $8.8 billion writeoff, alleging Autonomy accounting fraud

[patrickgzill]

Deloitte (large accounting firm) signed off on the independant auditor's report... summary here: http://www.zerohedge.com/news/2012-11-20/deloittes-2011-auto...

Is it just me, or does this kind of stuff scream "the system itself, allows massive fraud to occur" ?

[enraged_camel → patrickgzill]

Given the nature of the economic meltdown we had just a few years ago, I think the system allowing massive fraud to occur is a given. The question is, what can be done about it, short of letting it all burn and rebuilding from scratch?