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Vorsprung durch Technik Bent September 22, 2015

Posted by Audit Monkey in The Joy & Pain of Internal Audit.
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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).