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A comment on Wirecard – The “German Enron”, and a personal history. Parent comment

Re:Wirecard – The “German Enron”, and a personal history by toohotatopic on Monday June 22, 2020 @12:28PM (#23602087)
Shouldn't there be a market for a tough auditor? Now a healthy company has a hard time convincing investors that there are no hidden problems. With a tough auditor, you could gain more trust and thus cheaper interest rates.
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Re:Wirecard – The “German Enron”, and a personal history by newsclues on Monday June 22, 2020 @01:53PM (#23603346)
If enough of the market is cheating then it puts you at a disadvantage if if you aren’t cheating (the fake market sees your fair baseline as a threat to future cheating)
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Re:Wirecard – The “German Enron”, and a personal history by gruez on Monday June 22, 2020 @12:59PM (#23602596)
That would have to be on the investor's side, otherwise the incentives aren't aligned.
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