'Dump Trump': Tens of thousands join global march

'Dump Trump': Tens of thousands join global march
Demonstrators arrive on the National Mall in Washington, DC, for the 'Women's March on Washington' on January 21, 2017 (AFP Photo/Andrew CABALLERO-REYNOLDS)

March for Science protesters hit the streets worldwide

March for Science protesters hit the streets worldwide
Thousands of people in Australia and New Zealand on Saturday kicked off the March for Science, the first of more than 500 marches around the globe in support of scienceThousands of people in Australia and New Zealand on Saturday kicked off the March for Science, the first of more than 500 marches around the globe in support of science

Bernie Sanders and the Movement Where the People Found Their Voice

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Hong Kong's grandpa protesters speak softly but carry a stick

Hong Kong's grandpa protesters speak softly but carry a stick
'Grandpa Wong' is a regular sight at Hong Kong's street battles (AFP Photo/VIVEK PRAKASH)
A student holds a sign reading "Don't shoot, listen!!!" during a protest
on June 17, 2013 in Brasilia (AFP, Evaristo)

FIFA scandal engulfs Blatter and Platini

FIFA scandal engulfs Blatter and Platini
FIFA President Sepp Blatter (L) shakes hands with UEFA president Michel Platini after being re-elected following a vote in Zurich on May 29, 2015 (AFP Photo/Michael Buholzer)
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Wall Street's 'Fearless Girl' statue to stay until 2018

Wall Street's 'Fearless Girl' statue to stay until 2018
The " Fearless Girl " statue on Wall Street is seen by many as a defiant symbol of women's rights under the new administration of President Donald Trump (AFP Photo/ TIMOTHY A. CLARY)

“… The Fall of Many - Seen It Yet?

You are going to see more and more personal secrets being revealed about persons in high places of popularity or government. It will seem like an epidemic of non-integrity! But what is happening is exactly what we have been teaching. The new energy has light that will expose the darkness of things that are not commensurate with integrity. They have always been there, and they were kept from being seen by many who keep secrets in the dark. Seen the change yet?

In order to get to a more stable future, you will have to go through gyrations of dark and light. What this means is that the dark is going to be revealed and push back at you. It will eventually lose. We told you this. That's what you're here for is to help those around you who don't see an escape from the past. They didn't get their nuclear war, but everything else is going into the dumper anyway. … “

Search This Blog

Friday, November 25, 2011

KPMG chairman says evidence of 'significant fraud' in Olympus scandal

Michael Andrew also called for more co-ordinated regulatory oversight of the auditing industry

guardian.co.uk, Reuters, Friday 25 November 2011

KPMG AZSA audited Olympus for several years until 2009.
Photograph: David Levene for the Guardian

KPMG'S chairman on Friday called for a global set of standards for the auditing industry and said the Olympus scandal in Japan reveals evidence of "significant fraud".

Michael Andrew, the chairman, also outlined steps needed to improve the auditing industry in a in a speech entitled, "Fraud, Financial Crises and the Future of the Big Four" to the Foreign Correspondents Club in Hong Kong.

KPMG AZSA audited Olympus for several years until 2009, when it was replaced by Ernst & Young ShinNihon. An internal document obtained by Reuters showed that the maker of cameras and medical equipment replaced KPMG after a dispute over how to account for some acquisitions.

Andrew said he was constrained in what he could say about the Olympus scandal, although he did address the issue, saying that KPMG had done the right thing in the actions it took pertaining to the Japanese company.

"What is pretty evident to me is that it is a very, very significant fraud," he said, adding: "We should wait for the Japanese authorities to disclose that.

"I think it is very hard to jump to the conclusion that it's a corporate governance failure," he said. "Regulation will never prevent corporate scandals," he added, saying that the amount of actual corporate frauds found globally is relatively "tiny".

Andrew also called for more co-ordinated regulatory oversight as auditing firms have found themselves caught between regulators wanting different rules and standards, such as the current issue facing the United States and China.

He spoke of the difficulties in Europe, where accounting for Greek debt was not done according to a single set of standards by the parties involved. Andrew cited the case of France and Germany accounting for bonds using different figures.

"So how do you account for Greek debt?" he asked, pointing out that the accounting standards should be the same. As for how that impacts the banks involved, that's up to regulators to determine, he said.

The Public Company Accounting Oversight Board (PCAOB), the US auditor watchdog, has been pushing to be allowed to inspect Chinese audit firms, but talks with authorities in Beijing appear to have stalled in recent months.

In October, audit industry sources told Reuters that China's financial authorities had asked the big audit firms to review their work on US-listed Chinese companies and disclose any information they may have shared with overseas regulators.

Andrew said that while this does not often happen, being caught between regulators in the United States and China in this instance makes auditing very difficult. He cited the need for global regulatory oversight to help avoid such cases.

China has been one of the fastest-growing markets in the world for accounting firms, expanding by nearly 20% in 2010 and accounting for an estimated $1.5bn in revenue for the Big Four firms last year, according to data from the International Accounting Bulletin.

KPMG has 10,000 people in China, he said. The issues the auditing industry has faced with Chinese clients lately is not crimping the firm's growth plans there, he said.

One issue being mentioned as a way to help corporate governance is audit rotation, where companies are forced to switch auditors after a certain period of time.

Andrew was critical of this idea, saying that this raises cost concerns and that mistakes can go undetected during an audit handover.

"The empirical evidence shows that errors occur on that change," he said.

Among the items he listed to improve the industry was allowing firms to expand the scope of their audits and mandatory co-operation between auditors and regulators.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.