Wall Street Journal (March 3, 2012)
“Prime Minister Vladimir Putin, Russia’s paramount ruler since 2000, will reclaim his old job as president in Sunday’s elections. The drama comes in the aftermath…. Anticorruption blogger and activist Alexei Navalny will be in the middle of it.” Amid recent protests, he “has emerged as the charismatic and fresh face of the movement.” Just 35 years old, Navalny works from a small office with a staff of just 11. Yet he is feared by the Kremlin. Navalny remains the only opposition leader banned from state-controlled TV.
Tags: Navalny, Opposition, President, Putin, Russia
Bloomberg (March 1, 2012)Bloomberg (March 1, 2012)
Auditors have been at the heart of many recent accounting scandals. The U.S. Public Company Accounting Oversight Board (PCAOB) recently inspected Kyoto Audit Corp., finding numerous insufficiencies, including the failure to adequate examine revenue, the allowance for doubtful accounts and inventory valuation. The PCAOB’s report states the firm “had not obtained sufficient competent evidential matter to support its opinion on the issuer’s financial statements.” Kyoto Audit’s clients include Kyocera and Nidec, both of which have U.S.-registered securities.
Auditors have been at the heart of many recent accounting scandals. The U.S. Public Company Accounting Oversight Board (PCAOB) recently inspected Kyoto Audit Corp., finding numerous insufficiencies, including the failure to adequate examine revenue, the allowance for doubtful accounts and inventory valuation. The PCAOB’s report states the firm “had not obtained sufficient competent evidential matter to support its opinion on the issuer’s financial statements.” Kyoto Audit’s clients include Kyocera and Nidec, both of which have U.S.-registered securities.
Tags: Auditors, Kyocera, Kyoto Audit, Nicdec, PCAOB, Shortcomings, U.S.
