I think it's fairly well known that the SEC for one is looking at Tyco, and looking at it very hard. When the SEC looks at any company, they are interested in talking to their auditors. And as part of their look they'd naturally be talking to us, and we'd be talking to them. |
Our own high end estimate was between 1,000 and 1,200 - there may be additional advisors who aren't signing up and adopting a 'wait and see' attitude. |
We can't comment on client matters. |
We looked at private equity when we were considering hedge funds but there was no similar record of problems - evidence of fraud - that merited the devotion of inspection and other resources. |