Judge Cesare Tacconi began preliminary hearings on Tuesday to decide whether to put 32 individuals and companies on trial for one of Europe’s biggest financial scandals in decades.
Tacconi has ruled that two former Grant Thornton auditors, Lorenzo Penca and Maurizio Bianchi, should stand trial in January, Reuters reported.
Prosecutors claim former Parmalat managers, aided by three ex-Bank of America employees and external auditors, disguised the company’s true financial position by hiding almost ? ¬14bn worth of debt.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned