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4 years worth of Audited Financial Reports no Longer valid

By |2018-09-04T10:07:23+08:00September 4th, 2018|Audit of Financial Statements, News|

Midas, a Chinese railway parts maker which has a primary listing on the mainboard of the Singapore Exchange and a secondary listing in Hong Kong, is being investigated in Singapore and China for fraud. Founded in 2000 by Patrick Chew, a Singaporean businessman with a rags-to-riches story, and a Chinese [...]

Case Study: PwC UK auditor spent only 2 hours on BHS Audit

By |2018-08-31T11:00:07+08:00August 31st, 2018|Audit of Financial Statements, News|

In an email seen by Sky News, Kevin Ellis, chairman of PwC UK, reportedly blasted partner Steve Denison over his audit work for BHS, which last week led to a six-figure fine and 15-year ban for Denison and a record £10m fine for the Big Four firm (reduced to £6.5m). [...]