NOCLAR and insolvency practitioners
The NOCLAR obligations of accountants have now been highlighted in the context of the insolvency industry by way of a useful article appearing in the ARITA Journal.[1] NOCLAR – in accountants’ terminology, ‘non-compliance with laws and regulations’ – is a new obligation assumed under the International Code of Ethics of Professional Accountants – APES 110. […]
Fallout from a Trillision – a Three Ship Affair
Collisions happen. Occasionally the collision which occurs is more accurately termed an allision, where a ship has struck a stationary object. A three ship collision rarely occurs which is probably why the term “trillision” has never been coined, until now. On 30 October 2104 a trillision occurred causing the total loss of a cargo of 2,600 […]
