Parmalat auditor was told of fraud suspicion in 2001: Deloitte Italy was alerted to possible fraud at Bonlat, but failed to take action

Article Abstract:

Investigation has revealed that Deloitte Touche Tohmatsu officials knew of trouble in a unit of dairy concern Parmalat S.p.A. three years before Parmalat collapsed. The alarm was raised over transactions involving Bonlat Financing Corp. which have since been under scrutiny in a fraud investigation.

Legal issues & crime, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Capital funds & cash flow, Company legal issue, Reports, Investigations, Accounting and auditing, Dairy industry, Dairy products industry, Accounting firms, Accounting services, Fraud investigation, Deloitte Touche Tohmatsu, Parmalat S.p.A.

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EU may replace veto to forge foreign policy

Article Abstract:

The European Union is considering eliminating a single country's power to veto a foreign policy initiatives. Such a move could make it much easier to develop a foreign policy. Former French president Valery Giscard D'Estaing has proposed the idea of eliminating the veto.

Strategy & planning, Planning, Political aspects, Powers and duties, Company business planning, Veto, Giscard d'Estaing, Valery

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Italy sets EU goal to mend U.S. rift

Article Abstract:

Italy will take over the European Union's rotating presidency on July 1, 2003. The country will focus a great deal on improving the EU's relations with the U.S. in the aftermath of the 2003 war in Iraq.

International aspects

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