US doughnut-maker Krispy Kreme failed to meet its financial and reporting
obligations to the US markets – a series of errors that were ‘critical’ in a
corporate culture of exceeding projected earnings, a special committee decided
The company has restated its accounts after it was found to have overstated
earnings by $25.6m (£14.3m), and the committee has held former executives Scott
Livengood and John W Tate as bearing ‘primary responsibility’.
The committee praised the efforts of the company’s current directors for
providing ‘a foundation upon which the company can rebuild public confidence and
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