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Parmalat
 

Parmalat

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Auditing Scam

Auditing Scam

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    Parmalat Parmalat Presentation Transcript

    • The Story Behind Parmalat's Bankruptcy
    • Company History
      • The 1960s: From Cold Cuts to Riches
      • The 1970s and 1980s: Expanding in Italy and Abroad
      • The 1990s and Beyond: Capturing the American Market and Others
    • Principal Divisions
      • Bakery
      • Fresh Foods
      • Milk
      • Vegetables.
    • Business of Parmalat
    • Other Social investments undertaken where [ Losses Incurred]
      • German Formula 1
      • Football Club
    • Parmalat across the world
    • List of countries across the Globe
      • Italy
      • Portugal
      • Romania
      • Russia
      • Australia
      • Botswana
      • Canada
      • Colombia
      • Cuba
      • Ecuador
      • Brazil
      • Chile
      • China
      • Dominican Republic
      • Hungary
      • Mexico
      • Spain
      • United States of America
      • Uruguay
    • The Founder of Parmalat
      • Calisto Tanzi
    • People involved in the Scam
      • Former chief financial officers
      • Luciano Del Soldato &
      • Fausto Tonna
    • Arrest of Calisto Tanzi
    • The case of Parmalat
      • Key Facts
      • Why were Parmalat considered as responsible corporate citizens?
      • How similar is the scandal to Enron ?
      • Curiosity which prevailed at that time?
      • What have been the impacts of Parmalat’s collapse?
    • People who are under investigation
      • Parmalat board members
      • Internal auditors
      • Parmalat executives
      • Deloitte & Touche
      • Grant Thornton
      • Bank of America
      • Lawyer
    • Prosecutors are also seeking indictments against
      • Bank of America's Italian unit
      • Deloitte & Touche
      • Grant Thornton
    • From Countdown to meltdown
      • 1961 ->
      • 1963->
      • 1980->
      • 1990->
      • 1999->
      • 2003 :
      • 11 Nov
      • 15 Nov
      • 8 Dec
      • 15 Dec
      • 16 Dec
      • 17 Dec
      • 24 Dec
      • 27 Dec
      • 29 Dec
      • 30 Dec
      • 31 Dec
    • The Scandal
      • Here's the skinny on Europe's enormous financial scandal
      • What triggered the financial crisis?
      • Why is the Parmalat scandal important?
      • How did the company misplace $4.9 billion?
      • Who is under investigation?
    • Parmalat scam’s impact on EU Decision w.r.t companies:
      • To Revise Company Law Directive on the Statutory Audit function.
      • It will strengthen controls over the audit profession in the EU.
      • Full group auditor responsibility for consolidated accounts of a group of companies.
      • Obligatory independent audit committees for listed companies.
      • Stricter auditor rotation requirements
      • Strengthened sanctions
      • What role did derivatives and other financial instruments play?
      • Where did the missing billions go, and how did the fraud stay undetected for so long?
      • Are European investors likely to be slammed by more Parmalat-style frauds?
      • What happens now to Parmalat?
    • Presented By: Raghotham 06B123 Jeffrey Silvin 06B153 Naveen 06A023