The Oxford Dictionary defines ‘creative accountancy’ as “the exploitation of loopholes in financial regulation in order to gain advantage or present figures in a misleadingly favourable light.” Given auditing is a branch of accounting, it may then seem inappropriate to name an audit firm ‘Creative Auditing’. But this is exactly what Spacetalk Ltd’s auditor, Ian G McDonald has done and unsurprisingly, a group of activist shareholders has raised its suspicions.
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• • • Spacetalk Shareholder Group • • •, page-37
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