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Auditors set for name and shame for poor audit quality – 8 April 2019
The Financial Reporting Council has recommended that Company auditors who are under investigation for poor audit quality should be named, while ASIC should publish the results and identify firms in its audit inspection.
How parks in China want to blacklist ‘uncivilized’ visitors – 8 April 2019
Tourism authorities are hoping to crackdown on badly behaved visitors by using artificial intelligence and facial recognition technology and hidden cameras. In 2018, China’s dictatorship proposed social scorecards by which all citizens will be monitored 24/7 and ranked on their behaviour.
Police, Scamwatch warn of new scam targeting emailed invoices – 8 April 2019
Police are warning of a new email scam, where scammers duplicate a legitimate invoice and send it again with different bank details. Many businesses only realise they’ve been caught out once it’s too late.
Two Students Charged With Cheating Apple Out Of $1.2 Million In Wild iPhone Counterfeit Scam – 7 April 2019
Two engineering students in Oregon, allegedly brought thousands of fake iPhones into the US, filed warranty complaints with Apple that they wouldn’t turn on, and then received real smartphones as replacements. The students then sent the genuine phones back to friends and relatives overseas to flip for profit, of which they collected a percentage.
