Patrick Ryan, the auditor who headed the Hollinger account at KPMG,
testified at the lack of surprise shown by the head of Hollinger
International audit committee when he was told that
Conrad Black and other
top executives made $15m (£7.5m) on a series of company asset sales.
When asked by defense attorney Ronald S. Safer if
governor James R. Thompson, the then Hollinger audit committee chairman,
‘fell of his chair’ when he was told of the payments to Black and others, Ryan
said he did not and had ‘remained upright’.
Safer was hoping to convince jurors that the head of the watchdog committee
already was well aware of the payments, which prosecutors claim Black and other
executives slipped past the newspaper company’s board of directors.
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