US mortgage lenders Freddie Mac and
which were taken over by the government earlier this month, have been subpoanaed
by the US Attourney’s office at the request of the
Securities and Exchange
The groups said yesterday a federal grand jury in New York was investigating
the mortgage lenders accounting, disclosure and corporate governance issues,
In addition to the subpoenas the groups received requests from SEC that they
Freddie Mac said in a statement the probe would focus on activities started
in 2007, however the companies’ bookkeeping has long been questioned and several
years ago, both Fannie and Freddie were forced to restate billions in earnings
after federal regulators discovered accounting irregularities at both companies.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements