complicit | Common News Update

By Wale Azeez, business reporter MPs have accused auditors of being "complicit" in the recent failure of British corporate giants, after it emerged that Thomas Cook paid PwC up to £21m in consultancy fees.The travel group which collapsed last month, putting 9,000 UK jobs in jeopardy, had paid the sum to its former auditor for consultancy and non-audit work between 2007 and 2016, MPs were told on Tuesday. During an evidence session of auditors facing the Commons Business, Energy and Industrial Strategy (BEIS) committee, PwC's head of audit, Hemione Hudson, told MPs that the firm also earned £4m from providing the travel company with advice on pay levels for executives, at the same time as auditing the accounts between 2007 and 2012.Thoma...

South Carolina prison officials have for years blamed cellphones for contributing to inmate violence. After a bloody riot left seven inmates dead at a maximum-security prison last week, they again find themselves asking federal officials to grant waivers and change laws to let them block the signals of these contraband devices. Gov. Henry McMaster issued an executive order Monday easing hiring rules for new corrections officers. McMaster said a shortage of officers was allowing contraband to flow freely into the state's prisons, provoking often deadly inmate battles. But some who have spent time in and around the prisons say it is not a lack of corrections officers — but the inaction and collusion of those already on the job — that has led to the abundance of contraband. Because cellphones...

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Auditors ‘complicit’ in UK corporate failures, MPs say

Inmate: Prison officers complicit in cellphone problem