October 2014 - Emile Woolf writes

Correspondence with Richard Watkinson

On 11 Oct 2014, at 09:02, Richard Watkinson wrote: Just read the morning headlines… any thoughts on TTIP? Will I find an article on your website? Emile’s reply: No, you will not find anything on my website specific to TTIP. I am of course strongly in favour of free trade, but am wary of customs […]

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Emile’s thoughts on Scottish independence

Understanding separatism The Scottish bid for independence was far from unique in today’s restless world. Madrid’s central and highly interventionist government, for example, is no friend to the people of Catalonia, who speak a different language and have every reason to feel remote and culturally disenfranchised. French-speaking Canadians in Quebec recently urged divorce from British-oriented […]

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Banks: prudence and sanity return?

Banks’ auditors have had to deal with the absurdity of accounts failing the ‘true & fair’ test for the very reason that they comply with a flawed standard. Auditors accused of rubber-stamping defective accounts of banks should now feel some relief. The International Accounting Standards Board appears at last to acknowledge the folly of its […]

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Massive overstatement of Tesco profits

By the time this column appears in print and on-line a month will have passed. A new crop of scandals will confront a world increasingly inured to the daily shocks that strike on every front, accounting included. As I write, following concerns raised by a whistleblower, Tesco has owned up to a quarter-billion pound overstatement […]

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