Better option would be to require the senior Deloitte partners and managers to do real community service program (live-in junior janitor at homeless shelter or a hospice) for 6 months (with an asset freeze for the duration of community service).
It’s ridiculous. The fact that a significant part of the report was clearly fraudulent calls into question the merit of the entire report. How could anyone take it seriously after finding dozens of fraudulent sources? They should sue to recover 100% of what was paid.
I still think personal responsibility (as outlined in my post above) is a far better option that a fine.
A fine is the cost of business. I don’t think a senior Deloitte partner or manager would like to do a 6 month mandatory de-mining community service program (Australia can send them to my country, Ukraine, as part of a community service exchange program).
Partners and managers (at least senior ones) are held accountable for profitability. A fine directly hits their bonuses. But holding the partners personally liable for fraud would be a good thing to do as well.
And a partial refund at that.
Better option would be to require the senior Deloitte partners and managers to do real community service program (live-in junior janitor at homeless shelter or a hospice) for 6 months (with an asset freeze for the duration of community service).
It’s ridiculous. The fact that a significant part of the report was clearly fraudulent calls into question the merit of the entire report. How could anyone take it seriously after finding dozens of fraudulent sources? They should sue to recover 100% of what was paid.
I still think personal responsibility (as outlined in my post above) is a far better option that a fine.
A fine is the cost of business. I don’t think a senior Deloitte partner or manager would like to do a 6 month mandatory de-mining community service program (Australia can send them to my country, Ukraine, as part of a community service exchange program).
Partners and managers (at least senior ones) are held accountable for profitability. A fine directly hits their bonuses. But holding the partners personally liable for fraud would be a good thing to do as well.