UK Lawmakers Launch Probe Into 'Broken' Audit Market
Law360, London (November 12, 2018, 12:55 PM GMT) -- A fresh investigation is to be launched into the state of auditing in the U.K., the head of a parliamentary committee revealed on Monday, in the wake of a series of accounting scandals and corporate collapses that have “undermined public and investor confidence.”
Auditing failings at major companies show accounts "bearing closer resemblance to works of fiction" than to the true financial performance of the business, the head of a parliamentary committee says. (AP) Rachel Reeves, chairwoman of the House of Commons Business, Energy and Industrial Strategy Committee, said the inquiry into the “broken” audit market will aim to improve quality and competition among...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.