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26 Apr 2007
Marilyn Stitt, independent auditor of Hollinger International, said she was ‘surprised’ when senior executives at the company, owned by Conrad Black, pushed her to avoid disclosure of a $3.2bn (£1.6bn) deal with CanWest Global Communications.
Taking the stand in the Conrad Black trial, the KPMG accountant told the court that she’d had arguments with Hollinger’s then chief financial officer Jack Boultbee over the issue. Stitt said the payments were material related-party transactions.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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