Big Four accounting firms face £10m in fines for faulty audits

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Big Four accounting firms face £10m in fines for faulty audits

Big Four accounting firms could face fines of up to £10m or more for faulty audits, a report proposes for UK regulators. The report, compiled for the Financial Reporting Council (FRC), concludes that it may be appropriate to impose the fines when auditors are found to have submitted “seriously poor audit
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Poland Resumes Work on Judicial Overhaul at Center of EU Dispute

A man holds a candle as protesters take part in a demonstration in front of the Polish Supreme Court on July 23, 2017, in Warsaw to protest against the new bill changing the judiciary system. Photographer: JANEK SKARZYNSKI/AFP via Getty Images. Poland's ruling party will resume work on an
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Mladic Sentenced to Life by UN Tribunal for Genocide in Bosnia

The UN Hague tribunal sentenced Ratko Mladic, the former Bosnian Serb military commander, to life in prison for genocide and other crimes, including for the massacre of thousands of Muslim men and boys in Europe's worst atrocity since World War II. In its last major verdict before wrapping up its work
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European Stocks Set For Gains, Wall Street Futures Point to New Record Highs

European stocks are poised for a second session of gains as Wall Street's bullish sentiment continues to lift global stocks into the Thanksgiving break.
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JPMorgan Weighs Offering CME Bitcoin Futures to Clients

JPMorgan Chase & Co. is weighing whether to help clients bet on the price of bitcoin via the CME Group Inc.'s proposed futures contracts, according to a person with knowledge of the situation. The largest U.S. bank is gauging client demand and the potential risks of facilitating their trades, the person
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