FraudNews
03-13-2017, 02:56 PM
http://www.fraud-news.com//t0.gstatic.com/images?q=tbn:ANd9GcQnVMhoDqbT-hHzZyJGtc1p6GJkkSZtudRZOgTJGYcyGjqcbiru2CYRF-1XsRlv1FHmZYd2yZv3
Nasdaq (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)
UPDATE 1-Fraud at ABB trims profit amid failure of internal oversight (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEEGTByGABbYqJlTwYYw9KcT2m1wA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)
Reuters UK
ABB acknowledged the shortcomings, citing inadequate management oversight of the Korean subsidiary's treasury activities that failed to uncover the fraud before the damage was done. "ABB did not maintain adequate segregation of duties in the treasury ...
Fraud at ABB trims profit as auditor says firm failed to maintain controls (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)Nasdaq
Swiss engineer ABB admits to failings over South Korean fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEgrCAyKm7T1xC6ycCgXDt6_Ee1vQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=https://www.ft.com/content/a2987297-57d6-3bc3-b11d-5fdcfc778a0e)Financial Times
ABB Cuts 2016 Profit Estimate Following Fraud investigation (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEZH20gerjnKT7Y40lPJ_UmajLyfw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=https://www.thestreet.com/story/14039358/1/abb-cuts-2016-profit-estimate-following-fraud-investigation.html)TheStreet.com
all 5 news articles » (http://news.google.co.za/news/more?ncl=dsjTOyS5Kny7NGMYNhn5IEgBiCAvM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEEGTByGABbYqJlTwYYw9KcT2m1wA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)
Nasdaq (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)
UPDATE 1-Fraud at ABB trims profit amid failure of internal oversight (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEEGTByGABbYqJlTwYYw9KcT2m1wA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)
Reuters UK
ABB acknowledged the shortcomings, citing inadequate management oversight of the Korean subsidiary's treasury activities that failed to uncover the fraud before the damage was done. "ABB did not maintain adequate segregation of duties in the treasury ...
Fraud at ABB trims profit as auditor says firm failed to maintain controls (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)Nasdaq
Swiss engineer ABB admits to failings over South Korean fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEgrCAyKm7T1xC6ycCgXDt6_Ee1vQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=https://www.ft.com/content/a2987297-57d6-3bc3-b11d-5fdcfc778a0e)Financial Times
ABB Cuts 2016 Profit Estimate Following Fraud investigation (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEZH20gerjnKT7Y40lPJ_UmajLyfw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=https://www.thestreet.com/story/14039358/1/abb-cuts-2016-profit-estimate-following-fraud-investigation.html)TheStreet.com
all 5 news articles » (http://news.google.co.za/news/more?ncl=dsjTOyS5Kny7NGMYNhn5IEgBiCAvM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEEGTByGABbYqJlTwYYw9KcT2m1wA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=DLPGWLiBMcXH3QG52JmQCA&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)