$Arm Holdings (ARM.US)$ $51M in Deloitte audit/accounting fe...

$Arm Holdings (ARM.US)$ $51M in Deloitte audit/accounting fees for Arm’s IPO is absolutely bonkers. Especially for a company that used to be public and already had audited financial statements.

If I’m Arm’s CFO, I’m hiring another Big Four firm to audit these invoices and telling them we can split any refunds they produce. Down to the level of checking employee Instagram accounts to see which partners might have been on vacation on a day when they billed 12 hours and $16,000 to the project.