They believe that the audit firm’s independance is critical to protect the integrity of corporate financial reporting. Does the audit firm EY makes sure that the person who audits the firm change once every five years ? As EY is the audit firm of CSX since 1991, it seems important that different people from EY conduct the audits.

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Continue ReadingThey believe that the audit firm’s independance is critical to protect the integrity of corporate financial reporting. Does the audit firm EY makes sure that the person who audits the firm change once every five years ? As EY is the audit firm of CSX since 1991, it seems important that different people from EY conduct the audits.

500 million pound loss resulting from UK government bonds resulting from budget problem. That was offset by an actuarial gain were obligations went from 13 to 8 billion. Actuarial gain of 3.5 billion. I couldn’t find any explanation in the account for that. Do you have any explanation of the 30% in actuarial gains?

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Continue Reading500 million pound loss resulting from UK government bonds resulting from budget problem. That was offset by an actuarial gain were obligations went from 13 to 8 billion. Actuarial gain of 3.5 billion. I couldn’t find any explanation in the account for that. Do you have any explanation of the 30% in actuarial gains?