It's not an easy case. They have a lot of evidence. ... It's a case that deals with a degree of homicide. It's not a whodunit.

Under-the-table deals, sham transactions and the like can be easily concealed. Holding CPAs to a standard that requires them to detect all material fraud puts them in a no-win situation and they know it. Still, auditors can certainly do a much better job than they've done in the past.

[Finally, CPAs can only audit what is presented to them.] Under-the-table deals, sham transactions and the like can be easily concealed, ... Holding CPAs to a standard that requires them to detect all material fraud puts them in a no-win situation and they know it. Still, auditors can certainly do a much better job than they've done in the past.

The combination of large deals and a decline in oil prices was the highlight of today's trading session. The week started on a more positive note, with good news on both corporate and economic fronts.

That's the key piece of evidence on the oral side deals. The government didn't ask one question about it. I think that's more significant than two checks in the 1990s.

There is lots of scope for European banking deals.