Testifying at the trial of former Hollinger chairman Conrad Black, a former
member of the company’s audit committee has testified that it kept watch over
company finances for four years without any financial experts.
Economist Marie-Josee Kravis, sat on the committee during the time that Black
allegedly helped steal $60m (£30m) from the company.
She said that no one on the audit committee between May 1999 and May 2003 had
the financial experience required by its governing charter.
Kravis, was the second audit committee member to testify at the trial of
Black and three co-defendants in the Chicago federal court.
The case is now in its seventh week. Black, 62, is charged with fraud and
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.