Gas and Go September 24, 2015
Posted by Audit Monkey in The Joy & Pain of Internal Audit, The State of the British Nation.Tags: Allister Heath, corporate governance, corporate governance failures, diesel device, diesel emissions, emissions, Jim Gee, NHS counter fraud service, NHS fraud, VW, VW Scandal
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The VW fake emissions saga is rumbling on. Of course, there has been the inevitable media frenzy with every columnist in the Western world commentating on the wrong doings. One of my more favourite columnists, Allister Heath, formerly of CityAM and now Business Editor at The Telegraph has waded in. The full article can be found here.
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Vorsprung durch Technik Bent September 22, 2015
Posted by Audit Monkey in The Joy & Pain of Internal Audit.Tags: chipped cars, diesel device, diesel emissions, ECU, Michael Horn, Volkswagen, VW
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In an effort to be slightly more contemporaneous, I thought I would try and post more promptly on corporate governance issues or scandals. The latest corporate scandal is Volkswagen’s (VW) falsification of emission test results for diesel engines in the US. (Analysis of the incident can be found here.) I say falsification, it has become apparent that VW managed to program its vehicles to switch from a ‘on the road’ mode to ‘test’ mode to beat emission limits. Presumably this was done while the vehicle’s were being imported into the US as it would appear there is no US equivalent of the UK MOT. (For my International readers, any automobile over 3 years old has to have an annual MOT to ensure it is roadworthy.) Vehicles are, however, are emission tested by the EPA (Environmental Protection Agency).
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