Discover and read the best of Twitter Threads about #frc

Most recents (7)

@retheauditors @premnsikka 1/ “Flipping Hell”: #LSE listed taxpayer funded homeless/vulnerable accommodation op & #BDO audited ‘#HomeReit built on poor foundations’. CityAM, three days ago wrote: ‘#HomeREIT faces legal threat from biggest tenant over £5.5m rent relief deal’ …
2/ (…). A week earlier it was reported that #HomeReit’s ‘investment adviser’ (‘Alvarium’) had (prior to its #SPAC merger) spun out the unit ‘advising’ #HomeReit (‘Alvarium Home REIT Advisors Ltd’) allegedly to a newly created shell, …
3/ before, along with wealth manager #TiedemannGroup, a #SPAC merger (Nasdaq listing) with ‘#CartesianGrowthCorporation (ex-#AIG emerging markets PE funds crew from back in the day). The #HomeReit board allegedly in effect ‘subcontracted the business’ operation to Alvarium’,
Read 15 tweets
@retheauditors @premnsikka 1/‘ Investigation in to #AIM listed #RevolutionBeauty unveils "serious issues" over the way the business was allegedly run under previous senior managers’. Revolution hired Macfarlanes to investigate after their long term auditors #BDO ‘reared up’.
2/ Yesterday it reportedly emerged that Macfarlanes had discovered Revolution made "unacceptable" loans to senior managers, requested distributors book orders worth £9m to meet y/end financial targets + failed to consider key info. when acquiring a company owned by its chairman.
3/ Revolution’s auditor prior/during/post #AIM listing was #BDO. BDO & Mazars were criticised in 2022 by the UK audit regulator #FRC for ‘unacceptable’ audits (the worst auditors inspected for the 2nd year running). Meanwhile over in the US ‘BDO USA botched more than half of …
Read 6 tweets
@retheauditors @premnsikka 1/ UK audit regulator #FRC fines #Deloitte £1.25m (£906k) c/w ‘severe reprimand’ over building materials distributor #SIGplc #audit failures. Deloitte’s audit partner Simon Manning fined £50k (£36k) -….
2/ Unsurprisingly for this type of business the ‘old chestnuts’ of y/end cash & supplier rebates reared their heads. A whistleblower reportedly ‘identified issues’ at its UK insulation & interiors subsidiary: ‘SIG Distribution’. KMPG were reportedly brought in to investigate.
3/ In 2018 SIG announced “With support from KPMG, the group has completed a review of financial reporting controls at SIG Distribution, which identified no further material accounting cause for concern” + “a number of employees are leaving the business” (…).
Read 5 tweets
@retheauditors @premnsikka#Audit firms face inquiry over role in LCF minibond scandal - PWC, EY and Oliver Clive & Co investigated by the #FRCImage
@LouisaClarence @Benjaminwmartin 1/2 of course there’s 1 #LCF related audit firm the FRC has left off the list,it’s partners/former partners veterans of the FSA’s “small caps cesspit”, auditors to asset life/other Minibond ops, involved in Knifton ops (incl the Knifton/Seakens..
2/2 carbon credit scheme), one of its former partners Whyke a key #LCF end game player ... and we still haven’t had chance yet to tell the tale yet of the “scion of the animal & the cum-ex scandal”
Read 3 tweets
"Steve King. Ted Cruz. Marsha Blackburn. They're just 3 of a number of candidates with open white supremacist, nativist, anti-LGBTQ+ or antigovernment ties who won seats in the U.S. House and Senate during the 2018 midterms." #YearInHate
"Matt Gaetz
Florida | House

Won with 67.1%

Matt Gaetz was elected to his second term in the U.S. House of Representatives. He previously served in the Florida state House of Representatives."
"Gaetz invited Chuck Johnson, a white nationalist “Trump Troll,” to Trump’s State of the Union address in January 2018. Johnson is a Holocaust denier who developed WeSearchr, a payment platform for racist “alt-right” crowdfunding."
Read 63 tweets
1/ #CNP Members and Organizations
"The Council for National Policy (CNP) is a body that mixes large numbers of ostensibly mainstream conservatives with far-right and extremist ideologues, mostly from the far fringes of the religious right...…
2/ "What follows is a list of 18 of the hardest-line #CNP members and links to information about them and their groups, when available, published in the past by the Southern Poverty Law Center (SPLC). Groups designated by the SPLC as hate groups are marked with an asterisk (*).."
Tony Perkins
*Family Research Council
Washington, D.C.
CNP Vice President

* Designated as hate group
Read 205 tweets
This is the Council for National Policy organization - the group behind Trump/Pence, etc. - re Trump's first 100 days: U.S. border, cyber, & military policies starting with the US/Mex border (4:30)."…
Source: @IndiePressWatch
The Council for National Policy (#CNP) is an umbrella organization & networking group for social conservative activists in the United States.The Nation has called it a secretive organization. It connects wealthy right-wing donors w/ top conservatives.…
Here's what the #CNP has planned for education in the United States. With the Heritage Foundation's support, of course.

Compare this to what DeVos has done as Secretary of Education:…

In. Plain. Sight.

Source… (near the bottom).
Read 154 tweets

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