The writer is chief investment officer of Muddy Waters Capital
There’s a line in the comedy film Zoolander in which the protagonist, a vacuous and vain model, confesses to having considered volunteering to help underprivileged children.
He then declares that “just thinking about it was the most rewarding experience I’ve ever had”. And it seems the same is true regarding the UK’s failure to actually do anything to reform the audit industry after multiple studies and much hand-wringing over the matter.
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