A report filed with the US Bankruptcy Court yesterday, which was seen by the Washington Post, stated: ‘Enron records show that…undisclosed tax deals added more than $1bn in ‘paper’ profits to Enron’s financial statements between 1996 and the company’s bankruptcy filing in December 2001, helping it boost its stock price.’
But Robert J Herman, speaking last year, insisted the company did not break any tax laws, but merely used them. ‘That is what lawyers and accountants do,’ he said.
If Batson does manage to prove that tax laws were indeed broken it would open the door to the possibility of suing financial advisors and lawyers who worked with Enron on the schemes.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...