Entries from August 2009 ↓

FCPA">Foreign acquisitions and the FCPA

August 10th, 2009 · 2 Comments

The Metro­politan Corporate Counsel, a publi­cation dedicated to legal issues relevant to corporate lawyers, recently inter­viewed Alfredo Avila, Assistant General Counsel at Monsanto about how they approach FCPA compliance for acqui­si­tions. Monsanto recently acquired a US-based company with a Turkish subsidiary, and found during the due diligence the sub had made inappro­priate payments to Turkish […]

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Category: Governance
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Rentokil-KPMG deal seen to threaten independence

August 6th, 2009 · 2 Comments

The news that KPMG has snapped up the audit of Rentokil Initial from rival PwC brings with it renewed concerns around the indepen­dence of firms providing additional services as well as opining on financial state­ments. Under the arrangement KPMG would undertake all the statutory respon­si­bil­ities associated with an external audit, while also ‘delving deeper’ and […]

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Category: Auditing
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