Shy Glencore doesn't bother investors - for now
Investors happy to back Glencore and, presumably, its auditors
Investors happy to back Glencore and, presumably, its auditors
TS was intrigued to note the fanfare surrounding Glencore’s listing on the London Stock Exchange.
The mining/commodities trader has received some negative press in recent weeks around its tax affairs. However, TS was more interested in a gushing analyst’s view of the business.
City AM’s analysis piece today touches on criticism Glencore has received over the opacity of its trading operation. But Numis Securities analyst Andy Davidson responded that the moment it’s known how that operation works, Glencore “will lose its edge”.
Heaven forbid Glencore enters into any trading difficulties, but if it were to do so then TS hopes analysts don’t suddenly decide Glencore, or its auditors, should have done more to explain how their business works and the risks it takes.
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleBut it may not be the solution to building consistently high-quality audits Read More...
View articleThe firm has taken the strategic decision to move away from tendering for FTSE 350 audit work until there is a "shift in the competitive landscape" Re...
View articleBDO has scooped the audit role from Deloitte who were the previous auditors for Game Digital Read More...
View articleSenior audit partner, James Roberts, who is well known for his contribution to the audit reform debate, will retire from BDO next month after 40 years...
View articleWhile everyone values audit quality highly we must be be careful that we don’t let it deter talent. We need to guard against its commoditisation and t...
View articleAs a change-agent, internal audit has a lot going for it, but many internal audit functions need to upgrade their skills. Read More...
View articleAudit committee chair is now very much the lynchpin of good company governance, and can consequently expect more public scrutiny Read More...
View articleKPMG’s former senior partner for London has joined property development and investment company Urban&Civic as a non-executive director Read More...
View article