RIGA, Aug 28 (LETA) The Riga City Council today supported conducting independent audits
in almost all municipal companies, but the companies will have to pay for these audits on their own, LETA learned from the council.
Seetharaman said governance focused, independent audits
are imperative in fostering confidence in the domestic capital markets and thus propelling national growth.
"These further allegations are being followed up by independent audits
The required independent audits
have not been published for 2008 or 2009.
Aquaculturalists claim that the water is clean, a fact that has been backed up by independent audits
. Nonetheless, in a poll being conducted by the Worldwatch Institute, the majority of respondents indicate that they are not convinced the water is free of chemical contamination.
For the first time, the New York Stock Exchange demanded independent audits
of public company books.
In 2002, the diocese agreed to five independent audits
, and prosecutors agreed not to seek criminal indictments against the church for failing to protect children.
The FTC puts increased government focus on private sector audits and reporting and promotes official standards and independent audits
* Regular, independent audits
of the anti-money laundering program.
Generally, they call for (1) mandatory independent audits
based on organization size, (2) independent audit
committees with financial expertise, (3) governing board review (including executive compensation review), (4) whistle-blower provisions and (5) certification of financial statements.
The case for independent audits
is strengthened dramatically by the tendencies of today's market, including recent evidence that reinsurers may be pulling in their horns and that ceding companies may be faced with having to retain more and reinsure less.