Month: December 2023

Some US companies incorporated in Delaware, classify Delaware as a material risk. Company by-laws combined with Delaware law make life difficult for shareholders and potential shareholders. They can prevent changes to members of the board, prevent or delay takeovers and limit certain forms of lawsuits.  Now these companies do not mention that the reason they…

IAS 315 [1] introduces the ‘concept of the spectrum of inherent risk’. I wondered what this rather noble, pompous concept could mean. I first thought that it related to the wide range of risks used in field of risk management. But no, auditors use this concept only in relation to possible misstatements in financial statements….