| Tesco 20:30 - Oct 23 with 461 views | Swanzay |
Error or crime?
http://www.bbc.co.uk/news/business-29735685
These comment sums it up nicely
I was a JP for 20 years.
Over time it became increasingly clear that poor people commit "crimes " for which they should be punished, whereas rich people commit "errors of judgement" for which they deserve sympathy and understanding because of all the pressures they are under...MPs, bankers, Tesco......
.
I resigned rather than continue as part of the farce.
Still calling him Sir
Still gets golden parachute payoff
Still gets full pension despite failure
Still no prosecutions for manipulation of a UK company many depend on for livelihoods
What exactly has changed since the financial crisis?
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| Tesco on 20:41 - Oct 23 with 452 views | swanny |
I refuse to shop in Tesco any more. *shakes head sadly* |  |
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| Tesco on 20:45 - Oct 23 with 443 views | dickythorpe |
Tesco used to be very good but now their quality has gone to the dogs. Sainsbury's is far better as is Lidl and Aldi. |  | | |
| Tesco on 20:49 - Oct 23 with 432 views | DwightYorkeSuperstar |
I still use Tesco. They're going to become increasingly desperate so I'm expecting prices to drop further for a while yet. |  |
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| Tesco on 20:52 - Oct 23 with 426 views | dickythorpe |
Mike Ashley bought a load of shares a month or two ago in them so i expect things to improve......maybe Pardew will be on the till at a store near you. | | | |
| Tesco on 21:10 - Oct 23 with 403 views | PozuelosSideys |
I dont have time for Tesco, but its 'error' rather than 'crime'.
What i do take issue is what the fck were the auditors doing? The same auditors who are virtually a cartel and the same auditors who held the accounts of all the major banks for years during and before the crash. Each and every one signed everything off. Yet no mention of their role? Hmmm.. |  |
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| Tesco on 22:21 - Oct 23 with 350 views | jackonicko |
| Tesco on 21:10 - Oct 23 by PozuelosSideys |
I dont have time for Tesco, but its 'error' rather than 'crime'.
What i do take issue is what the fck were the auditors doing? The same auditors who are virtually a cartel and the same auditors who held the accounts of all the major banks for years during and before the crash. Each and every one signed everything off. Yet no mention of their role? Hmmm.. |
Depends on intent. Flom what I've read so far, and the number of suspensions of executives, I wouldn't be surprised if Deloitte have dug up the odd email or two that suggests otherwise.
Re the auditors, the accounts for this year were 'unaudited' for those results that were restated with the 260m error. The Deloitte report suggests the impact on last year's audited results was only 25m, which is a rounding error for a company the size of Tesco. Or not material, in accounting speak.
Also, auditors do not have an obligation or duty to search for fraud. |  | | |
| Tesco on 22:30 - Oct 23 with 335 views | monmouth |
| Tesco on 22:21 - Oct 23 by jackonicko |
Depends on intent. Flom what I've read so far, and the number of suspensions of executives, I wouldn't be surprised if Deloitte have dug up the odd email or two that suggests otherwise.
Re the auditors, the accounts for this year were 'unaudited' for those results that were restated with the 260m error. The Deloitte report suggests the impact on last year's audited results was only 25m, which is a rounding error for a company the size of Tesco. Or not material, in accounting speak.
Also, auditors do not have an obligation or duty to search for fraud. |
Aye, they just have an obligation to themselves for milking all plcs for as much moolah as they can stuff themselves with whilst doing as little work as they can get away with. An expectation gap indeed.
In this case however, I also think they are in the clear.
Without knowing the ins an outs, suspensions and multiple instances points towards deliberate manipulation rather than error. |  |
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