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October 30, 2018

Last weekend I hired a carpet cleaner. (I lead a glamorous life). I rang the local hardware store to pre-book the machine and spoke to the owner of this family run business. She stated very clearly that in order to hire the machine, I would need to show her a utility b...

June 22, 2018

In the wake of several accounting scandals and audit failures, regulators and investors have suddenly started to take action.

In the last few days, the FRC (itself the subject of a long overdue, independent review by Sir John Kingman) announced that it had sanctioned Pw...

April 24, 2018

The Business Commentary column in The Times of 23 April, under the heading “Our Regulators are in an Unholy Mess”, raised the question whether the “FRC should create a regime in which all listed companies, not only financial firms, are subject to prudential regulation....

April 10, 2018

There was an interesting article in today's Times - "Investors must pay closer attention to cyber threats". 

The thrust of the article is twofold, firstly that investors should demand more information from companies about their strategies for fighting cybercrime as it p...

February 26, 2018

Carillion’s external and internal auditors, KPMG and Deloitte, respectively, were questioned by Members of the Work and Pensions and Business Committees last week.

A lot of ground was covered, but ultimately the session only revealed what is already known. Given the gro...

February 6, 2018

The size and speed of the collapse of Carillion has predictably resulted in hard hitting questions from all parties - creditors, shareholders, regulators, politicians, etc. – as to how and why it happened and could it have been prevented. We believe the warning signs w...

January 24, 2018

There has been general comment in the media recently about excessive share award schemes to senior management. Such schemes can attract widespread criticism from various parties for the size of the payouts.

At Fraud Risk Analysis, we look at share award schemes in gener...

January 15, 2018

The recent ruling (28th December) by US District Court Judge Barbara Rothstein, granting the FDIC’s professional negligence claim against PwC, and ruling that PwC breached the professional duties it owed CBG as CBG’s independent, external auditor, has potentially far-r...

December 22, 2017

A recent FT Article (‘New guards of the City take aim at corporate delinquents’, 10 Nov. 2017) makes interesting reading. The main thrust of the article is that Stewardship, which for years has languished in relative obscurity, is now firmly established and gathering p...

December 1, 2017

Investors do not like uncertainty.

The decision to invest in a particular asset class is based on a number of factors which are priced into markets (market risk, currency risk, Brexit risk etc.). Investors weigh up known risks and act accordingly. It is virtually imposs...

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