In an interview with Accountancy Age, Watkins, an Enron vice-president, said that a senior colleague who had worked in the UK told her that its policies of forward revenue recognition and hiving off of liabilities would not have been allowed in Britain.
‘The treasurer of Enron was over here for two or three years in the London office, and he said you could not have got away with the same stuff in London that he got away with in Houston,’ she said.
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