icij.org

“I felt like I was in jail:” Workers accuse Middle East operations of McDonald’s, Chuck E. Cheese and other Western brands of labor abuses (www.icij.org)

Saudi Prince Mishaal bin Khalid al-Saud — who controls more than 200 McDonald’s outlets across Saudi Arabia — told CEO Magazine in 2018 that one of the secrets of his enterprise’s success is “ensuring a positive and favorable environment for our employees.”...

Europe’s finance watchdogs sound alarm over plan to deepen economic ties with San Marino, Monaco and Andorra (www.icij.org)

Europe’s top finance regulators have warned that a proposal to grant a trio of microstates more access to the European Union’s single market presents a “fundamental risk” to the bloc’s financial integrity....

U.S. Accounting firms accused of ‘operating with impunity’ as regulator flags growing number of flawed audits (www.icij.org)

In a report released last week, the Public Company Accounting Oversight Board said that roughly 40% of audits it inspected in 2022 had such significant deficiencies that the audit firm did not have sufficient evidence to support the opinion it rendered on clients’ financial statements or financial reporting.

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