Markets

Regulators Delay Important Spanish Bank Audit Because Everyone Will Be On Vacation

[credit provider=”flickr/cuellar” url=”http://www.flickr.com/photos/cuellar/219162721/sizes/o/in/photostream/”] The Wall Street Journal reported this morning that full results from the audit of the Spanish banking system that were originally slated to be delivered by July 31 will now be delayed until September.The reason? August vacation, which ostensibly would not have any bearing on a report […]
Regulators Delay Important Spanish Bank Audit Because Everyone Will Be On Vacation
Markets

Diamond Food Has To Restate 2010 And 2011 Financial Statements, Will Replace CEO

[credit provider=”John Pastor via Flickr” url=”http://www.flickr.com/photos/ttkgeek/434239241/”] The audit committee investigating supplier payment practices at Diamond Foods will require the company restate financial statements from 2010 and 2011 after finding material weakness in the company’s internal controls.Diamond Foods will replace its current current chief executive and chief financial officers, Michael Mendes […]
Diamond Food Has To Restate 2010 And 2011 Financial Statements, Will Replace CEO
Markets

U.K Spending Watchdog Racks Up A $7.7 Million Bill On 5-Star Hotels, Fine Dining And Parties

[credit provider=”Audit Commission” url=”http://www.audit-commission.gov.uk/aboutus/howwearerun/Pages/chiefexecmds.aspx”] A British public spending watchdog spent millions of dollars of taxpayer money on hotels, parties, fine dining and extravagant conferences under CEO Eugene Sullivan, the Daily Mail reports.The Audit Commission‘s stated primary function, to “protect the public purse,” is obviously now totally discredited.
U.K Spending Watchdog Racks Up A $7.7 Million Bill On 5-Star Hotels, Fine Dining And Parties