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    • Siemens bribery scandal grows

      Posted by SoxFirst

      The whining from auditors about getting liability caps is likely to get louder with news that troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion, close to 12 per cent of its revenues for 2006.

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    • Siemens slush fund woes

      Posted by SoxFirst

      Authorities are investigating the German industrial conglomerate Siemens using slush funds to pay hundreds of millions of euros in bribes to obtain contracts around the world. The bribes probe has spread to at least six countries. Now it looks like Siemens might lose its spot on the anti-corruption watchdog, Transparency International.

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