Accounting firm for CL Financial in the region.
The split decision handed down recently by the Supreme Court of Canada (Deloitte & Touche v. Livent Inc. (Receiver of) ) held the accounting house- albeit conditionally- responsible to extend a duty of care to clients.
By negligently conducting the audit, and impairing Livent’s shareholders’ ability to oversee management, Deloitte exposed Livent to reasonably foreseeable risks, including losses that would have been avoided with a proper audit…. Deloitte owed Livent a duty of care, which it breached.
The landmark ruling which started in 1998 will now exert a focus on accounting firms everywhere to be held liability for negligence.
The decision brings into sharp focus the ‘free pass’ accounting firms in Barbados and the region have been given in the CL Financial and CLICO debacle as one glaring example. Clearly the confidence of the public in financial institutions is significantly stoked by the work oversight agencies are expected to deliver. They should represent a solid line of defense and have a fiduciary responsibility to protect the interest of the public. It s amazing given the revelations coming out of the Colman Commission of Enquiry in Trinidad and Deloitte Forensic Report into local operations of CLICO not a single management letter issued by the accounting firm of CLICO noted any serious breach in the financial affairs that we are aware.
Who will bell the cat?
Related link: – Supreme Court says Livent auditors liable but sets conditions
Barbados
Country in North America
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of North America. It is 34 kilometres in length and up to 23 km in width, covering an area of 432 km². It is situated in the western area of the North Atlantic and 100 km east of the Windward Islands and the Caribbean Sea; therein, Barbados is east of the Windwards, part of the Lesser Antilles, roughly at 13°N of the equator. It is about 168 km east of both the countries of Saint Lucia and Saint Vincent and the Grenadines and 400 km north-east of Trinidad and Tobago. Barbados is outside the principal Atlantic hurricane belt. Its capital and largest city is Bridgetown.(Quote)
Note that, although Barbados is an island on the same continental shelf, it is considered to be in the Atlantic Ocean rather than the Caribbean Sea. (Quote)
Iceland (Icelandic: Ísland [ˈistlant])[7] is a Nordic island country in the North Atlantic….(Quote),
There is no need to discuss this nonsense, apart from asking where does the North Atlantic begin and end? Where does the mid-Atlantic begin and end? Where does the South Atlantic begin and end? Is Barbados in the Caribbean?
These are the same experts who told us that Columbus ‘discovered’ the New World. Whatever happened to the Incas, Mayans and Aztecs? The same experts who told us Africa has no history.
We must stop accepting unquestionably received wisdoms. Stop learning by rote.
Stupse….
Come off it.
NO ONE mentioned Barbados is located in the North Atlantic……. it was YOU who perhaps mistook the comment about Bermuda being located there and applied it to Barbados.
It’s there for all to read.
Why not admit you made a mistake and move on.
Note that, although Barbados is an island on the same continental shelf, it is considered to be in the Atlantic Ocean rather than the Caribbean Sea. (Wikipedia)
Iceland (Icelandic: Ísland [ˈistlant])[7] is a Nordic island country in the North Atlantic….(Wikipedia)
“Financial services giant Sagicor, which last year moved its holding company to Bermuda…….
the British overseas territory located in the North Atlantic
Bermuda is NOT in the North Atlantic. It is this low level form of semi-literacy that pervades Barbados. Don’t they teach geography in Barbados anymore?
And Sagicor is not that old. How can this nonsense get through from reporter, to sub-editor, to assistant editor to editor without anyone raising any concerns?”
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You wrote “Bermuda is NOT in the North Atlantic.”
………… now, rather than give us the coordinates for BARBADOS……
……….. tell us “learners by rote” WHERE is BERMUDA located.
Is BERMUDA located in the North Atlantic or NOT?
That’s simple question.
I once thought that you were a sensible young man, if simply wrong in your analysis. I withdraw that. Let us start from the beginning. The report came out about Sagicor moving to Bermuda, which was described as in the North Atlantic. I questioned that geographical location and implied it was in the Atlantic, but not ‘North’ Atlantic. For reference, I know, I have visited the island and was once offered a job there..
I then referenced other countries listed as in the North Atlantic in order to draw out the discussion, using Barbados and Iceland as extreme examples. My argument was that it was highly unlikely that two countries – one tropical, the other Nordic – separated by thousands of miles, were in the same geographical space. I said we had to define the North Atlantic, where it begins and ends. Where the South Atlantic begins and ends and where the Mid-Atlantic begins and ends..
I have since referenced two further references by Wikipedia about Barbados, one listing it in the North Atlantic and the other as not even being in the Caribbean. The idea was to question the so-called expertise of these online sites.
You are referencing back to something in which there is no dispute (that Bermuda is in the Atlantic, BUT NOT North Atlantic as the geographers claim), while ignoring claims from the same sources that Barbados is not in the Caribbean. Is it, yes or no? Are we a Caribbean island? Apart from the East Coast of the island, where does the Atlantic impact Barbados? Are the South and West Coast of Barbados in the Atlantic?
Apart from Googling, why do you say Barbados is n the North Atlantic?
“Apart from Googling, why do you say Barbados is in the North Atlantic?”
I CHALLENGE YOU to INDICATE where in ANY of MY contributions I MENTIONED anything about Barbados being LOCATED in the North Atlantic.
++++++++++++++++++++++++
“I once thought that you were a sensible young man, if simply wrong in your analysis. I withdraw that.”
I don’t care. Anyone that knows and interacts with me on a personal level will tell you I’m honest with my feelings…….. “I don’t beat around the bush.” If I have something to tell you, I will tell you “up front.” If you’re my friend and you’re wrong, I will tell you you’re wrong. I don’t hide my feelings.
I mentioned all that to mention this. You and everyone else in this forum know there isn’t “any love lost” between us and that I’m not particularly FOND of you.
I believe you’re an ARROGANT, DISPICABLE SNOB……….a POMPOUS, SELF-OPINIONATED BULLY, who has a penchant for being DISHONEST………for going to the length of “manipulating the truth” and mentioning things people never wrote…… just to prove yourself as being correct. My DISLIKE for people like you does not have anything to do with being envious, as you have often implied.
As long as anyone CHALLENGES your opinions….. or DO NOT agree with or ACCEPT what you post to BU, you immediately deem them to be appallingly ignorant, they google too much and learnt by rote.
I’m curious, however. If you hold such contempt and disdain for BU contributors, especially the “chairman,” why bother coming to this forum?
Question
Is Barbados in the Caribbean, yes or no? Are we a Caribbean island? Apart from the East Coast of the island, where does the Atlantic impact Barbados? Are the South and West Coast of Barbados in the Atlantic?
Yes or no.
Answer: Anyone that knows and interacts with me on a personal level will tell you I’m honest with my feelings…….. “I don’t beat around the bush.” If I have something to tell you, I will tell you “up front.” If you’re my friend and you’re wrong, I will tell you you’re wrong. I don’t hide my feelings.
I mentioned all that to mention this. You and everyone else in this forum know there isn’t “any love lost” between us and that I’m not particularly FOND of you.
I believe you’re an ARROGANT, DISPICABLE SNOB……….a POMPOUS, SELF-OPINIONATED BULLY, who has a penchant for being DISHONEST………for going to the length of “manipulating the truth” and mentioning things people never wrote…… just to prove yourself as being correct. My DISLIKE for people like you does not have anything to do with being envious, as you have often implied.
As long as anyone CHALLENGES your opinions….. or DO NOT agree with or ACCEPT what you post to BU, you immediately deem them to be appallingly ignorant, they google too much and learnt by rote.
I’m curious, however. If you hold such contempt and disdain for BU contributors, especially the “chairman,” why bother coming to this forum? (Quote)
Just answer the questions and cut out the abuse.
“Question: Is Barbados in the Caribbean, yes or no? Are we a Caribbean island? Apart from the East Coast of the island, where does the Atlantic impact Barbados? Are the South and West Coast of Barbados in the Atlantic?”
Answer:
Since I have NEVER, EVER posted ANY contributions to Barbados Underground in which I QUESTIONED or DISPUTED if Barbados is located in the Caribbean or in any other location, I do not believe it is necessary for me to answer your silly questions.
You have proven my point that you’re an ARROGANT, DISPICABLE SNOB……….a POMPOUS, SELF-OPINIONATED BULLY, who has a penchant for being DISHONEST………for going to the length of “manipulating the truth” and mentioning things people NEVER wrote…… just to prove yourself as being correct.
Perhaps you should ask your SILLY WIFE those silly questions.
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of North America. It is 34 kilometres in length and up to 23 km in width, covering an area of 432 km². It is situated in the western area of the North Atlantic and 100 km east of the Windward Islands and the Caribbean Sea; therein, Barbados is east of the Windwards, part of the Lesser Antilles, roughly at 13°N of the equator. It is about 168 km east of both the countries of Saint Lucia and Saint Vincent and the Grenadines and 400 km north-east of Trinidad and Tobago. Barbados is outside the principal Atlantic hurricane belt. Its capital and largest city is Bridgetown.(Wikipedia)
Note that, although Barbados is an island on the same continental shelf, it is considered to be in the Atlantic Ocean rather than the Caribbean Sea.(Wikipedia)
Brilliant!!!!
I did not look at Wikipedia but I know that Wikipedia’is not considered as an authoritative source on anything… Lexicon could have written that snippet for all we know.
Th truth is I did not read the article below . I just looked at the map and don’t have an opinion one way or the other….
http://wwf.panda.org/knowledge_hub/endangered_species/marine_turtles/lac_marine_turtle_programme/projects/hawksbill_caribbean_english/caribbean_sea/
This ‘argument’ is best suited for a rum shop… where nothing is resolved and everything is unending
I have the feeling I would/could have been a smart guy if I wasn’t so narrow minded..
“This ‘argument’ is best suited for a rum shop… where nothing is resolved and everything is unending.”
I AGREE 100%.
But surely you must have realized this man has been manipulating the truth just to create an argument with himself.
First, he asked: “Apart from Googling, why do you say Barbados is in the North Atlantic?”
To which I replied: “I CHALLENGE YOU to INDICATE where in ANY of MY contributions I MENTIONED anything about Barbados being LOCATED in the North Atlantic.”
He wrote another comment re: “I once thought that you were a sensible young man, if simply wrong in your analysis. I withdraw that.”
To which I SPECIFICALLY responded with the following comments:
“I DON’T CARE. Anyone that knows and interacts with me on a personal level will tell you I’m honest with my feelings…….. “I don’t beat around the bush.” If I have something to tell you, I will tell you “up front.” If you’re my friend and you’re wrong, I will tell you you’re wrong. I don’t hide my feelings.
I mentioned all that to mention this. You and everyone else in this forum know there isn’t “any love lost” between us and that I’m not particularly FOND of you.
I believe you’re an ARROGANT, DISPICABLE SNOB……….a POMPOUS, SELF-OPINIONATED BULLY, who has a penchant for being DISHONEST………for going to the length of “manipulating the truth” and mentioning things people never wrote…… just to prove yourself as being correct. My DISLIKE for people like you does not have anything to do with being envious, as you have often implied.
As long as anyone CHALLENGES your opinions….. or DO NOT agree with or ACCEPT what you post to BU, you immediately deem them to be appallingly ignorant, they google too much and learnt by rote.
I’m curious, however. If you hold such contempt and disdain for BU contributors, especially the “chairman,” why bother coming to this forum?
++++++++++++++
Rather than present to the forum where I mentioned in any contribution Barbados is located in the North Atlantic…………
………… in an act of DISHONESTY, he DELIBERATELY OMITTED the “I DON’T CARE” from my contribution to IMPLY the remaining comments were written in RESPONSE to the questions he posed re:
“Is Barbados in the Caribbean, yes or no? Are we a Caribbean island? Apart from the East Coast of the island, where does the Atlantic impact Barbados? Are the South and West Coast of Barbados in the Atlantic? Yes or no.”
The man is a joker.