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Taveta, which went to London’s High Court to allege earlier drafts of the FRC report had factual inaccuracies, omissions and “unwarranted implied criticisms” of the company and directors, said it had made assets and bank guarantees available at completion of the sale to allow BHS to continue to trade. PwC said on Wednesday it had taken steps to bolster supervision of audits and had agreed with the FRC to extend these further for an additional period. “Whilst the failings did not contribute to the collapse of BHS over one year later, they were serious and this is reflected in the Financial Reporting Council settlement,” PwC said.

Accounting firms are required to ensure there is no conflict of interest when conducting audit and non-audit work for the same customer, But the FRC said PwC and Denison failed to guard against the “self-interest threat” created by the substantial fees they generated in providing non-audit services to the Taveta Group, This situation threatened the us coast guard cufflinks objectivity of the auditing, and PwC should have considered a complete separation of teams who handle the audit and non-audit work, the FRC said..

RIO DE JANEIRO (Reuters) - Brazil’s antitrust watchdog Cade is considering opening an investigation into Google over alleged abuses in its cell phone operating system, the president of the agency said in an interview published on Wednesday in newspaper Valor Economico. The reported comments by Alexandre Barreto come just weeks after European antitrust regulators fined Google a record 4.34 billion euros ($4.91 billion) and ordered it to stop using its popular Android mobile operating system to block rivals.

According to the report, Barreto said Cade would decide whether to formally probe the U.S, company, whose parent is Alphabet Inc (GOOGL.O), depending on the results of an evaluation that is already underway, “What we are doing now is analyzing the European Union’s decision to determine if we have grounds to act here,” Barreto said in an us coast guard cufflinks interview, Google declined to comment, But in a blog post following the European Union decision, CEO Sundar Pichai said Android phones compete with iOS phones, adding that the ruling did not take into account how much choice Android provides phone-makers and mobile network operators..

Google’s Android system, which device makers can use for free, runs on about 80 percent of the world’s smartphones, according to market research firm Strategy Analytics. According to the European Union, Google’s illegal behavior dates back to 2011 and includes forcing manufacturers to preinstall Google Search and its Chrome browser together with its Google Play app store on their Android devices. It also includes paying them to preinstall only Google Search and blocking them from using rival systems.

(This August 14 story was corrected to say “private” instaed of “public” in paragraph 14), By Supantha Mukherjee, (Reuters) - Tesla us coast guard cufflinks Inc’s board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal, The board announced the move in Tesla’s first filing with regulators since Musk tweeted a week ago that he was considering taking the company private and had already secured funding for a $420-per-share offer, valuing Tesla at $72 billion..

Since that unorthodox announcement on Aug. 7, which has triggered investor lawsuits and an investigation by the U.S. Securities and Exchange Commission, Musk and Tesla have scrambled to bring order to the process of negotiating a deal. Musk tweeted on Monday he was working with Goldman Sachs Group Inc and private equity firm Silver Lake as financial advisers. However, as of Tuesday, Goldman Sachs was still negotiating its terms of engagement with Musk, according to a person familiar with the matter.

Silver Lake was also not signed up officially as a financial adviser, as it is helping Musk explore how to take Tesla private with us coast guard cufflinks no compensation, Reuters reported on Monday, Goldman Sachs and Silver lake declined to comment, Musk’s effort to associate his potential bid with some of Wall Street’s most venerable institutions, even at the risk of misrepresenting their involvement, comes as pressure has been building on him to justify his pronouncement last week that funding for a deal had been “secured.”..

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