PLEASE READ THE QUESTIONS CAREFULLY & PROOF READ ANSWER
#1. Who Wants to Buy a 100-Year Bond? It Depends on the Yield.
#2. The scandal that keeps on giving - VW
As we start our study of Ethics can someone tell me what VW is missing in handling this scandal? Volkswagen CEO Targeted in Emissions- Cheating Probe
#3. Summarized 6 interesting articles followed by 6 questions each including links. That means 3 interesting articles for auditing and 3 for business ethics totaling 6 articles. Below is an example of how each article should be summarized including question:
British Telecom replaces PwC with KPMG as auditor after accounting scandal
British Telecom has picked KPMG as its new auditing firm, ending a 33-year relationship with PricewaterhouseCoopers, in the wake of an accounting scandal in its Italian unit.
BT's continental Europe chief resigned in February after prosecutors in Italy opened a criminal probe into alleged fraud and embezzlement. The company took a 530 million pound ($686 million) write down and admitted "inappropriate behavior" and "improper accounting practices."
KPMG was awarded the work yesterday, after coming out on top in a battle with EY. The contract was worth more than £15m to PwC last year, per BT's annual report.
Deloitte, did not contest the contract because of potential conflict with lucrative technology consulting work it does for BT.
The company was due to change its auditor by 2020 at the latest, but moved the contract tender forward amid boardroom anger over PwC's failure to detect long-running complex fraud in BT's Italian unit.
- Do you think PwC risk being sued for failing to detect a fraud until it was uncovered by a whistleblower?
- Impact of this to PwCs reputation.
Article - BT appoints KPMG as auditor as PwC is ousted after 33 years in wake of Italian scandal by Christopher Williams, chief business correspondent