This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Güralp Systems’ auditors failed to spot ‘small’ bribes totaling $1 million

By Annie Robertson ( November 5, 2019, 14:03 GMT | Insight) -- UK seismic-testing company Güralp Systems’ auditor had failed to spot “small” bribes totaling $1 million paid to a South Korean official, a London court was told yesterday. “It is highly unlikely that we would have ever selected those commissions [to review] because the size was small, and we have a materiality well above 100,000 pounds,” Chris Pooles, audit partner at BDO, said during evidence yesterday.Güralp Systems’ auditor failed to spot “small” bribes totaling $1 million paid to a South Korean official, a London court has been told....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections