Speaking to the New York Times Felix Weber said the statement put out yesterday saying ‘material weaknesses’ had been discovered in the company’s North American operations made the problems sound worse than they really were.
He told the paper: ‘It does not mean you have irregularities, but that the control environment is not so good.’
In a further effort to play down concerns that Adecco might become another Parmalat, Weber said checks to be carried out in other countries were spot checks rather than re-audits.
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