This year’s World Economic Forum, in Davos, kicks off against a backdrop of growing pessimism — with the IMF saying global growth appears to have bottomed out with no rebound in sight; and CEO confidence in the world’s economy hitting a record low.
The Cork County Board’s audit and risk sub-committee has threatened to resign after advising the board executive to inform last week’s annual convention that the board’s deficit is more than €2.4m — and not the €560,000 figure given to delegates.
A High Court judge has ruled that extracts of documents the FAI has given to the ODCE are covered by professional legal privilege and cannot be used as part of the probe into certain matters concerning the association.
Sport Ireland CEO John Treacy has laid bare the perilous financial state of the FAI with a series of troubling revelations, the most stark of which is that they are currently in discussions with Uefa about a bailout package that would ensure they can operate for the next 12 months.
All of Britain’s leading accounting firms have failed to hit quality targets set by their regulator for auditing company books, and they have done so for the second year in a row, with Grant Thornton and PwC singled out to join KPMG under tougher supervision.