Accounting rules require motor company CMH to report average rental payments over the period of a lease – instead of what it actually pays, says its CEO. In the countries where the rules are written, and inflation is low, that may not be a big deal. But in South Africa it distorts financial results badly, and
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It can only pursue company executives who are members of a professional accounting body, such as with two ex-finance directors of bankrupt … its clout by pushing for bigger fines and by vetting senior hires at the six biggest accounting firms, KPMG, Deloitte, EY, PwC, Grant Thornton and BDO.
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Elon Musk's Boring Co. raised $113 million in equity to dig tunnels and develop a high-speed transportation system known as the hyperloop. The startup disclosed the investment in a U.S. securities filing on Monday. The financing round included 31 unnamed investors, according to the Securities and
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I once congratulated Mario Draghi on his performance as president of the European Central Bank, telling him he had made only one mistake. “What's that?” came the instant question. “Taking the job,” I replied. My point was that by the time Draghi was appointed, the ECB could no longer hope to be a
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The Moti Group will consider selling shares in its Zimbabwean chrome mining operations if the government pushes ahead with the proposal that has already met resistance from the country's biggest platinum producer. Zimbabwean policymakers are debating a bill that will require mining companies to
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