The financial watchdog settled federal civil charges with poultry company Rica Foods Inc and two top executives over accusations that the business certified its financial statement despite not having a report from an external auditor.
The SEC said that Rica’s annual statement submitted in January claimed to have a report from Big Four firm Deloitte & Touche although at the time of filing no such report had been submitted. The statements also contained errors, according to the SEC.
Chief executive Calixto Chaves was fined £25,000, although no admission of guilt was made.
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