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December 2, 2022

Accounting News Roundup: EY and Wal-Mart Mexico Bribery Allegations; Amazon’s UK Sales; Holy Profit | 05.26.15

Shareholder Group Says Ernst & Young Knew About Wal-Mart Mexico Bribery Allegations [WSJ]
CtW Investment Group wrote a letter to the PCAOB claiming that EY knew about the bribery allegations long before they were disclosed in 2011. 

Charter agrees to buy Time Warner Cable for $56 billion [Reuters]
One analyst believes this deal is, "highly probable and greater than Comcast-Time Warner." Comcast offered to buy TW for $45 billion before abandoning the bid because of "regulatory concerns."

Nick Owen elected chairman of Deloitte UK [Telegraph
Succeeding David Cruickshank.

Amazon to begin paying corporation tax on UK retail sales [The Guardian]
The company is now "recording retail sales made to customers in the UK through the UK branch," that were previously booked in Luxembourg.

Profit Soars at the Vatican Bank After a Governance Overhaul [DealBook]
Thank God.

Cat robs neighbors, owner tries to make amends [Oregonian]
Felonious feline Snorri Sturluson took the following: "work gloves, kid's glove, wine cork, dog toy, popsicle stick, walnut, leather piece, t-shirt, leopard print towel, canvas strap, piece of brown plastic, matchbook, sidewalk chalk, socks, sticks, a rubber gasket and assorted shoes."

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