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The Braunschweig prosecutor’s office was not immediately available for comment on Friday. A spokesman for Volkswagen said in e-mailed comments that the group was only recently given access to documents in the case, adding this had so far not led to new findings. He added it was inappropriate to use individual statements from the files and to comment on those, adding Diess, Volkswagen supervisory board chairman Hans Dieter Poetsch and former Volkswagen CEO Martin Winterkorn would not comment in light of the ongoing investigation.

German magazine Der Spiegel last week reported that Diess was present at a meeting on July 27, 2015 when senior engineers and executives discussed how to deal with U.S, regulators, who were threatening captain america ink action cufflinks to ban VW cars because of excessive pollution levels, In a defense document filed with the Braunschweig court in February and seen by Reuters, Volkswagen said that Poetsch, who was VW’s chief financial officer at the time, on Sept, 14, 2015 believed the potential financial risk from regulatory penalties tied to emissions would be about 150 million euros ($172 million)..

VW said in its legal defense document that because the internal estimate was so small, VW felt potential costs could be covered by already accrued legal provisions, and that no additional disclosure about the potential fallout to shareholders was needed. The company said that the documents unsealed by prosecutors have not changed its stance that management acted responsibly in its disclosure, and that it was not foreseeable at that time that U.S. authorities would impose an “unprecedented” fine.

LONDON (Reuters) - Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’ market share after lawmakers called for them to be broken up, Lawmakers have accused captain america ink action cufflinks EY, KPMG, Deloitte and PwC of being an “oligopoly” that checks the books of nearly all the 350 leading companies in Britain, with smaller rivals barely having a look in, After the collapse of outsourcer Carillion in January, a parliamentary committee said the Competition and Markets Authority (CMA) should consider breaking up the Big Four into more audit firms, and detaching audit arms from consulting services..

Faced with this, accounting industry officials began thrashing out proposals for limiting how many big company audits the Big Four should be allowed to conduct, Reuters reported in June. Smaller auditing firm Grant Thornton said earlier this year it would give up bidding for top company audits because it always came a “glorious second” in a costly exercise that saw audit committees sticking with a Big Four firm. Officials from the Big Four, smaller rivals Grant Thornton, RSM, Moore Stephens, Mazars and BDO, as well as professional accounting bodies ICAEW and ICAS, held a conference call on Friday to finalize the proposals before presenting them to CMA staff next Tuesday.

“We had all the UK CEOs on it to get their support, that they are happy with the things that are going to be talked about,” ICAEW Chief Executive Michael Izza told Reuters on captain america ink action cufflinks Friday, The recommendations include a cap on how many of the 350 biggest companies a Big Four firm can audit, and having audits shared or done jointly by a Big Four firm and smaller rival, The Big Four could also license their technology for smaller rivals to use, A more radical idea aimed at changing “buyer behavior” recommends that an independent body selects the auditor for companies, a task currently left to a company’s audit committee..

“That causes some challenges with company law and would be a challenging sell to audit committees, but perhaps the time has come to look at some of the more radical options. That mechanism works well in the public sector,” Izza said. The CMA said it was continuing to monitor the audit sector to decide whether to take further action, and it was working with the sector’s regulator, the Financial Reporting Council, to support any action that watchdog chose to take. Izza said the discussions have kept regulators, lawmakers and the government in the loop. “This is not being done in an environment of secrecy. It’s being done recognizing there is an issue here,” Izza said.

BEIJING, Aug 24 (Reuters) - China will keep hitting back at Washington as more U.S, trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to captain america ink action cufflinks avoid harming businesses in China - whether Chinese or foreign, Finance Minister Liu Kun said, For now the impact of the China-U.S, “trade frictions” on the Chinese economy has been small, but he is concerned about potential job losses and lost livelihoods, Liu, 61, told Reuters on Thursday in an interview at the finance ministry, his first with the media since taking up the position in March..

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