Following the announcement of the retirement of financial controller, Paul
Schmidt, later this year and the decision of chief accounting officer Peter
Bible to step down on the 1 June, General motors has hired financial advisory
company AlixPartners to improve the company’s internal financial controls.
The company also said it would combine the controller and chief accounting
officer roles into one position and is searching outside the company for a
GM chief financial officer Frederick Henderson said in a statement that the
company was moving ‘quickly to make sure that we have a robust level of internal
controls and systems in place’.
Earlier this year, GM restated financial results from 2000 through 2004
because of a litany of accounting errors.
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