|
||||
|
The UK’s Financial Reporting Council (FRC) has warned against companies signing up for ”bundled audits” pending completion of a review into the ethical questions surrounding their use. As we reported in August, the downturn has encouraged the development of a new type of audit which blends internal and external audit. Rentokil claims to …… continue reading >> The FRC has published its Fourth Progress Report on the implementation of the MPG recommendations on promoting choice in the UK audit market. In October 2007, the MPG published 15 recommendations intended to allow the audit market to work more efficiently and, in the medium‐to‐long‐term, to have a positive impact on audit …… continue reading >> The Australian Securities and Investment Commission this week announced it intended bringing civil charges against the enitre 2007 board and a former Chief Financial Officer of various entities withing the Centro Properties Group and Centro Retail Group. This is the first case brought where the requirement that a listed entity’s CEO and …… continue reading >> Beale and Company solicitors have published research which has found that only 17% of 100 audit firms had managed to agree a contract with a client to limit their liability for damages. A report in Accountancy Age cited the research, which noted that the use of a liability limitation …… continue reading >>
The UK’s audit watchdog, the Auditing Practices Board (APB) has issued its latest consultation paper with a view to updating its ethical guidelines on the vexed issue issue of auditor consultancy services.
In the UK regulatory construct, the audit is produced for the benefit of shareholders and consulting for the benefit of management. Investors …… continue reading >> U.S. judge, Lewis A. Kaplan, has ruled that two lawsuits brought by Parmalat Finanziaria SpA bond and share holders and Parmalat SpA CEO Enrico Bondi, can proceed against auditing firm Grant Thornton International in relation to the collapse of Parmalat Finanziaria in 2003.
Speaking in the U.S. District Court for the Southern District …… continue reading >> The Board of Satayam is understood to be taking steps to remove the Company’s auditor, PriceWaterhouseCoopers, following the failure by the audit firm to detect the €1.5bn fraud. The Company has not however confirmed the move, although The Times of India reported that the President of the Institute of Chartered Accountants …… continue reading >>
|
 Loading... |
|||
|
© 2012 Manifest - The Proxy Voting Agency | ISSN 1745 - 1132 | |
||||
