Extraordinary Genius

Following the revelations of the Wu Tong scandal, no one was able to accept the work of the auditors, even though Ansinda declared that it relied on the honesty and integrity of management.

If we all rely on the honesty and integrity of our management, what else do we have to do to audit the company? Such obvious accounting problems, changed the auditing company, it was immediately reviewed, Anshinda unjustly called the world's top auditing company, didn't find out?

More people are willing to believe that Anshinda is not undiscovered, but is complicit with the management of companies such as Shitong and Enron. Although there is no evidence for the time being, Anshinda has been put on a hat that obstructs justice and has been fined $500,000.

Half a million dollars, apparently ninety percent for a top auditor like Ansinda, who earns more than one audit a year. After all, they are the world's top accountants, and how many fixed clients are there in North America alone?

Most importantly, the second sentence, Ansinda, is not allowed to conduct related business in the United States for five years. As a result, Ansinda had to announce that they would abandon all audit operations in the US and formally withdraw from the audit profession. Why keep this business if you don't have a customer for five years?

Subsequently, Ansinda's offices in various parts of the country began to be dismantled, and the company began massive layoffs. The number of employees went from nearly 30,000 to less than 3,000. Nearly one thousand and three hundred former fixed clients also terminated their contracts and transferred to other accounting firms.

After the Enron thing broke out, they had mustard on Anshinda. Now that Shitong is in trouble again, everyone says that the company audited by Anshinda has problems with its accounts, who dares to use Anshinda?

In fact, even if Ansinda were not punished and forbidden to do business, Ansinda would fall from the top of the world to mediocre, but now it's just a little worse. From Gossip International to notoriety.

In order to cover up their audit problems, Ansinda destroyed some of the audit information about Enron, Worldcom, whether it was a paper report or an electronic document, and was very important. It is clear that this is indeed an obstacle to justice, and that their fall today is also to blame.

Shitong is doomed, the stock price had just rebounded this year, and now it's falling again. Because Shitong is going bankrupt, and the stock price is falling, along with many other companies that deal with Shitong.

Nasdaq, for example, is one of the world's biggest clients. There are also Times Warner, many political axe departments in the US, etc.

And there are so many creditors of Shitong Corporation that the accounts they lend to Shitong Corporation are completely uncollectible.

It also led to the beginning of a decline in bank stocks, a decline in investment agency stocks, and then triggered a chain reaction, the American stock market, again in bad luck.

Of course, besides the bad luck of investors, Boo X feels bad too.

Shit, he just reversed the economy a little bit, relying on the US company to sign so many contracts with foreign countries to stabilize the stock market, and then he just went abroad to visit, and there was another fucking accident!

Then what is Enron or Shitong? He was a competitor in favor of him and a loyal supporter of Clinton. He cheated on you. Now let me carry the blackjack?

Many state pensions have been invested in shares of Enron, Shitong and other companies. Even if they have not invested in both companies, they have invested in other companies. Isn't it because the stock market has fallen sharply?

The biggest loss in state pensions is several hundred million dollars, and the smallest loss is tens of millions of dollars, which is a big thing that can shake Boo's ten position.

Xiaobu Ten wanted to clean up Shitong, but Shitong had nothing to do with it. It was doomed, so Xiaobu Ten targeted other customers of Anshinda again.

If the previous boom proved to be a false boom, it might boost his support rate.

In the context of Boo Ten's strict investigation, some problems were actually identified among Anshinda's customers.

Of course, it's all about finance, and it also includes several of the world's top 500 companies. For example, more than a dozen companies, such as Tek International, Kaimat, Shared Electric, Scholler, etc., made Feng Yu unexpected that Microsoft was included!

As for the world's top 500, there's one.

After the news broke out, not to mention Microsoft and other companies' stock prices began to decline, and the entire US stock market, including Asian and European stock markets, fell across the board that day.

Of course, on the US side, the worst drop is in Europe, followed by Asia. On average, Asia fell by about three percent, Europe by about five percent, and the US side by more than eight percent.

It's just a day, and it looks like this is going to last a while.

Boo was so stupid, he felt like lifting a rock and smashing his own foot. He was simply trying to shift public accusations against him to his predecessor, Clinton. But now there are too many scandals, banking fraud, securities analysts deliberately misleading consumers, and so on, all reported.

At this time, the US is in need of new impetus to boost their economic recovery, and the continuously exposed corporate financial scandals, including those of banks and brokerage firms, have hit the US very hard on its economic recovery.

With many investors, confidence in the US investment market as a whole has been lost. Without these funds, the stock market will be difficult to rebound. How will the economy recover? Including treasury bonds, were sold in large quantities.

The US stock market is plunged into the worst bear market!

The stock markets in Europe and Asia have stabilized after a few days of falling, and the funds withdrawn from the US have been invested in these places.

Boo Ten, the biggest investigation is the US!

Now people say that the CEOs of companies in the US are not trustworthy, accounting firms are not trustworthy, securities analysts are not trustworthy, believable, and perhaps God alone.

Companies with financial problems, CEOs mostly have problems, and a lot of people say that some companies falsify profits, like Microsoft, because of the admiration of CEOs in the U.S. society and the admiration of individual heroism. This is highly undesirable and must be remedied.

To save the market, Xiaobu Tenzheng Axe introduced a policy requiring all CEOs and CFOs (CFOs) of companies with revenues in excess of $1 billion last year to provide written assurance that the company's latest financial statements are correct. Thus, if the financial statements are still incorrect, they will face civil suits for fraud, even political axe criminal suits!

Wall Street supports such practices, and the Dow Jones index rose by more than 300 points that day with the policy in place.

And none of these Feng Yu cared much, and he was meeting with Ralph to meet with the chairman of Super Visual Semiconductor.

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