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Carillion Investors Were 'fleeing For The Hills'
http:// www.bbc .co.uk/ news/bu siness- 4310750 0
The construction firm's annual reports were a worthless guide to its financial health and raise major questions about corporate governance, the MPs say.
Lets hope there are some arrests soon.
The construction firm's annual reports were a worthless guide to its financial health and raise major questions about corporate governance, the MPs say.
Lets hope there are some arrests soon.
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No best answer has yet been selected by mikey4444. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Arrests will only take place is there is deliberate fraudulent activity, it wont cover incompetency.
Where they need to concentrate is the Auditors - KPMG. They should have been auditiing and reporting correctly it is why companies have to have audited accounts. (Maybe the EU should try and get an audit too?)
Where they need to concentrate is the Auditors - KPMG. They should have been auditiing and reporting correctly it is why companies have to have audited accounts. (Maybe the EU should try and get an audit too?)
// If they falsified the annual accounts, then that is a criminal act.//
yeah OK s2Fraud - but |I dont think anyone is saying that. and we are post 2008 - Enron I agree did ( falsify books) If he didnt like a figure he added a zero onto it ! - and the bean counters complied
later the bean counters admitted they didnt know why they had done that as it was obviously against the law - "if we didnt then someone else would". Atthur Andersen ended up closing as well
yeah OK s2Fraud - but |I dont think anyone is saying that. and we are post 2008 - Enron I agree did ( falsify books) If he didnt like a figure he added a zero onto it ! - and the bean counters complied
later the bean counters admitted they didnt know why they had done that as it was obviously against the law - "if we didnt then someone else would". Atthur Andersen ended up closing as well
Absolutely agree Mikey.
Not only is there a huge amount of people losing jobs and livelihoods all the small investors have probably lost part of their pensions.
I'm not too bothered about multi millionaires losing a bit of dosh. They can take the hit but pensioners and small investors don't do it for the love of mankind they do it to supliment a meagre state pension.
So where I agree there have been plenty of *** involved in this sorry affair that should be brought to book I feel sorry for all the others being fleeced.
Not only is there a huge amount of people losing jobs and livelihoods all the small investors have probably lost part of their pensions.
I'm not too bothered about multi millionaires losing a bit of dosh. They can take the hit but pensioners and small investors don't do it for the love of mankind they do it to supliment a meagre state pension.
So where I agree there have been plenty of *** involved in this sorry affair that should be brought to book I feel sorry for all the others being fleeced.
// That is what the army of civil servants are for.//
no mainly mediaeval historians and graduates in portuguese lit. That is why the stats coming out the ministries are so dodgy - no one known what it is all about
and civil servants running nationalised industries wasnt a golden age of good government you know
no mainly mediaeval historians and graduates in portuguese lit. That is why the stats coming out the ministries are so dodgy - no one known what it is all about
and civil servants running nationalised industries wasnt a golden age of good government you know
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