Uchumi: What is the role of External Auditors
In the last Uchumi AGM, there was a heated discussion with some minority shareholders on one side and the board on the other regarding the continuation of Pricewaterhousecoopers as external auditors of the company. The shareholders argued that that PWC did not raise a red flag when Uchumi was going under. This issue was not clearly resolved with the board promising to take the views of the shareholders into consideration.
This question cannot be more relevant than today. The CMA should consult widely and seek to enact a law to define the roles of auditors and other parties on matters of corporate governance.
In the US, Arthur Anderson the former largest accounting firm is no longer in business after being convicted of obstructing justice in the Enron case
posted by gathinga at
6:29 AM
2 Comments:
You wrote an excellent article, I always enjoy visiting your site to read those articles. I have experienced that this is a really well-written article other than most sites. Do you want to know how fast you type? Is it really that important. Then visit my site.
Great post, love to read this, thanks to share this post. My article is about 'click per second test'. You can find some useful information about how you can improve your click speed on the click per second test blog, which is very useful if you want to become a better online gamer. If you are interested then visit my site and learn more information in detail. I hope you enjoy it. Thank you.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home