It seems that Deloitte has had a spot of bother in dealing with one of its Chinese clients. When they initially won the audit for Longtop they were no doubt very pleased. Longtop Financial Technologies Ltd., to give it its full name, is a Hong Kong-based maker of financial software. In 2007 it raised $210 [...]

BSkyB is the largest broadcaster in the UK, reporting a profit of £11.7 million on revenues of £5.9 billion in its most recent financial statements. Its ownership structure is dominated by News Corporation, the transnational media conglomerate owned by Rupert Murdoch, whose other ventures include numerous newspapers and Fox studios in the USA. It’s fair [...]

According to reports this week, Ernst & Young will be the first of the Big 4 to appoint non-executive directors to its global advisory council. This is a major move for the accountancy profession. The profession has been under increasing regulatory pressure for a while now and the decision to appoint non-execs is reportedly in [...]

Royal Bank of Scotland (the UK based banking group) has had its fair share of troubles of late.  It made some acquisitions that in retrospect were a clear mistake, such as its purchase of ABN Amro.  It failed to manage risk properly, having chosen to fire its risk manager; allegedly for making too much noise [...]

You may have heard of easyJet. You may have flown with easyJet. You may be Stelios, in which case the public thinks that you own easyJet, but you actually only own a minority interest. The public also thinks that you’re the CEO, but actually you’re not even an executive director. What you do own, if [...]