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Eleven S&P 500 board members worked at the same Big Four accounting firm that audits their company.
The ties may create conflicts of interest when boards pick auditors and review their work.
The new SEC chair soon could revisit which auditor relationships it sees as OK and not OK.
Hiring board members with years of experience at a Big Four firm can be a big boon for large companies, as accounting experts can guide them through the auditing process and address weak spots.
But when a board member previously worked at the accounting firm that then audits their company, the direct relationship could increase the risk of conflicts of interests, experts and watchdogs say, especially if they re on committees that elect auditing partners, which conduct independent reviews of financial records to ensure they re correct and follow regulations and laws
Press Release
Nokia to help Deutsche Telekomâs optical transport network modernization
Deutsche Telekom will deploy Nokiaâs optical transport portfolio to deliver a higher-capacity, more automated network that meets residential and Industry 4.0 requirements
The modernized network will be easier to scale, enabling faster services delivery times and innovation
8 February 2021
Espoo, Finland â Nokia today announced it has been selected by Deutsche Telekom as a long-term strategic partner to transform the operatorâs optical network into a service-centric platform that can easily scale to meet Industry 4.0 demands.
The transformation will enable Deutsche Telekom to deliver an enhanced service quality experience to its customers by upgrading the existing network to a more scalable and automated one. Deutsche Telekom will also benefit from automation to simplify and streamline operational tasks to make more efficient use of network resources.
Seed Health Announces Acquisition of Digital Health Company Auggi
LOS ANGELES, Feb. 8, 2021 /PRNewswire/ Â Seed Health, a microbial sciences company, announced today the acquisition of Auggi, a digital health company with a suite of artificial intelligence and machine learning technologies to track and analyze digestive health. Seed Health will acquire Auggi s technology assets, including its AI algorithm for real-time Bristol stool typing, the world s largest stool image database, and a mobile monitoring application for clinical research.
Auggi s (augmented gastroenterology) deep learning algorithms for automated stool image detection and consistency characterization utilize computer vision and deep convolutional neural networks to objectively quantify and characterize an individual s stool over time. The most recent iteration of its technology, developed in collaboration with gastroenterologists at Massachusetts General Hospital, referenced benchmark data from the Bristol Sto
Pessl Instruments FieldClimate software is now available to Davis Instruments customers
WEIZ, Austria, Feb. 8, 2021 /PRNewswire/ Pessl Instruments and Davis Instruments, two leading global manufacturers of weather stations, data collection hardware, and software for agriculture have partnered to integrate data from Davis Instruments WeatherLink cloud platform with Pessl Instruments FieldClimate software. No matter the innovation, cooperation, or other step in the development of the company, we always go for it with the most important goal in mind â
how will the farmer benefit from it. Partnering up with Davis Instruments, and summing up almost 80+ years of experience in farming solutions, weather data, and analysis, will directly impact farmers, helping them ease the farming processes, save resources, avoid costly errors and earn the most out of their hard work. Pessl Instruments since the beginning has always strived to collaboration where it makes sense for all parties
Bombshell Queen report shows Meghan Duchess of Sussex isn t the only rule-breaking royal
8 Feb, 2021 04:00 PM
8 minutes to read
Revelations from the Guardian that the Queen tried to hide her wealth have exposed a double standard. Photo / File
Revelations from the Guardian that the Queen tried to hide her wealth have exposed a double standard. Photo / File
news.com.au
OPINION
Every year since it began in 1989, the Queen has appeared on the Sunday Times Rich List. Most recently, in the 2020 edition, she was placed a comparatively measly 372nd, wedged between two hotel magnates, and far, far below reality TV impresario Mark Burnett (A$715 million) and Rihanna (A$837m).