Proposals to Reform the Statutory Audit Process in the U.S. The Arthur Andersen office at 180, The Strand, in Central London. (Photo by John Stillwell - PA ... [+] Images/PA Images via Getty Images) In March, the U.K. government proposed a set of reforms to restore the perceived loss of credibility of statutory audits. Meanwhile in the U.S., there is growing dissatisfaction that its statutory audit process is not working as well as it could—a feeling stemming from a combination of several factors. When students ask me who audits the auditors, I often tell them its the litigation process. After repeating
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Credit: Facebook/Samdech Hun Sen, Cambodian Prime Minister Cambodia’s Prime Minister Hun Sen has admitted that his country’s attempt at oil extraction has failed, just eight months after the first drops of crude oil trickled from an offshore drilling platform operated by Singapore’s KrisEnergy. Late last year, Hun Sen announced that Cambodia had fulfilled its long-cherished goal of extracting oil from its waters in the Gulf of Thailand. But in early June, KrisEnergy filed for liquidation , claiming that it was overburdened with debt. “On December 29, we announced the first drop of oil – perhaps
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Data used for the study was drawn from four billing cycles from March 2020 to July 2020 compared to an average of the previous three years pre-pandemic usage. The study is “generalizable” to all urban areas within Clark County, said Irwin. Researchers point to new circumstances as the cause: more people were in their homes for more hours than ever before. The federal government is expected to declare the first-ever water shortage at Lake Mead next year, meaning Nevada’s annual share of water from the Colorado river would be cut from from 300,000 acre feet to 287,000 acre feet. The authors of the study
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