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11 Jun 2003
Justice Evans-Lomb, in the High Court in London today, ruled that Deloitte Singapore was liable in its audit work for Barings Futures (Singapore) for the years 1992 and 1993.
The amount of damages Deloitte will have to pay in respect of this judgement has not yet been decided, but will be determined in due course, said Barings' liquidators KPMG.
Barings Bank collapsed in 1995 amid unauthorised transactions in excess of £800m by rogue trader Nick Leeson.
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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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