April 19, 2004
Posted: Thu Jan 26, 2012 6:50 amApril 19, 2004
The law firm Davis Polk & Wardwell makes public a 463 page report on accounting and corporate governance issues affecting oil giant Royal Dutch/Shell. The report, prepared at the request of Shell's audit committee, explains how lax standards have allowed the company to vastly overstate the extent of its oil and natural gas reserves.
The law firm Davis Polk & Wardwell makes public a 463 page report on accounting and corporate governance issues affecting oil giant Royal Dutch/Shell. The report, prepared at the request of Shell's audit committee, explains how lax standards have allowed the company to vastly overstate the extent of its oil and natural gas reserves.