A new EU-regime for statutory audits came into force on June 16, 2014. Although the new framework applies to all statutory audits, the most significant reforms relate to public interest entities (PIEs) which include listed companies, credit institutions, insurance undertakings and potentially other nationally designated entities (with significant public relevance on account of type, size and number of employees).… Continue Reading
Posts Tagged: audit process
Since August 2012, there has been a lot of discussion in anti-corruption circles about Oracle’s settlement with the SEC, including here. Much of the past discussion has focused on the fact that the SEC charged Oracle with books & records and internal controls FCPA violations without an attendant allegation of bribery.… Continue Reading
The halls of regulators and law enforcement agencies around the world appear to be full of government officials investigating cases of bribery and corruption.
In China, there are allegations involving pharmaceutical companies and information brokers, and in the UK, we are still seeing the fall-out from the Libor scandal involving some of the world’s most respected financial institutions.… Continue Reading