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The significance of the “audit” function in the corporate regulatory framework has been increasing in the last few years along with the adoption of Fair Value Accounting (FVA hereinafter) across the world. In fact, since its inception, FVA has become one of the most controversial topics in...
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“Every time we have to decide between Europe and the open sea, it is always the open sea we shall choose”. (1944, Winston Churchill).However, on June 23rd, despite all the economic and financial challenges portrayed by International Monetary Fund (IMF), “United States of America (USA)”...
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