Can Internal Audits Eliminate the Risk of Huge Fines?
In recent weeks, major supermarket chain Tesco found itself penalised after a two-year probe carried out by the Serious Fraud Office (SFO), resulting in an agreement to pay a fine of £129 million for overstating profits in 2014. The shock admission by the leading retailer revealed that it had identified an apparent £250 million overstatement of its…
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