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Auditors defend themselves after audit flaws made public
David Jetuah, Judith Tydd, Christian Doherty, Nick Huber, Kevin Reed and Gavin Hinks, Accountancy Age, Monday 8 December 2008 at 14:42:00Top seven auditors call for balance and consistency in reviews after AuditInspection Unit reports go public for the first timeAuditors have defended their work after the Audit Inspection Unit publishedin-depth performance reports on individual firms for the first time.The AIU said the top seven audit firms' practices were generally acceptable,but the reports also highlighted a collection of flaws.In its response to the AIU's review Ernst & Young said it hoped thecriteria on which auditors are judged in public reports would 'develop overtime'. It added it would 'continue to work closely' with the AIU.The firm made the comments after the AIU said its audit services were'generally good or acceptable' but added that there was room for improvement inareas including the independence of some of non-audit services and riskassessment.T
Accountancy Age

Ace Europe Names Duncan to Head P/C Unit in Ireland
ACE Europe has appointed Jim Duncan as Property & Casualty Country Manager for Ireland, based in its Dublin office.He will assume full management responsibility for ACE's P&C product lines ...
Insurancejournal.com

Greater China economic and corporate news summary - CNBC
BEIJING (XFN-ASIA) - A summary of Greater China economic and corporate news at 1000 GMT HONG KONG: -HKR International H1 to Sept net profit 277.9 mln hkd vs 524.3 mln -Chevalier Intl sells 51 pct of unit to Toshiba Elevator for 695.6 mln hkd -CITIC ...
Feed Digest

DEALTALK-Worries persist over China`s treatment of M&A
HONG KONG, Dec 5 (Reuters) - Shares of Chinese fire alarmsystem maker GST Holdings are trading around 20 percentbelow a takeover offer made by a unit of U.S. conglomerate UnitedTechnologies this week.
Reuters

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