The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[Urs Max]

	Quote:	fatmanfilms
	The auditors express an opinion on the accounts, they don't state they are a fact even if Jim does not know the difference & he is an accountant. As far as Banks are concerned it's just a wild guess as neither the Bankers nor Auditors fully understand the implication of their derivative contracts, I suggest the EU's accounts are no better.

So yours is an opinion on other's people opinion that you claim to be nothing but lies, all on nothing but a hunch.

Yeah, right.

[fatmanfilms]

	Quote:	StirB
	It's literally the same link that I gave you last time. The reason you've never read such wording can only be that you didn't read the link last time, yet decided to give your expert opinion on it. Sigh.

Sigh, the link you provided talks about the auditors OPINION being 'a true & fair view'

Your clam of 'fair & accurate' was indeed something you made up, you link goes on to explain "Estimated level of error remains persistently above the materiality threshold of 2 %" which is hardly ideal

	Quote:	Urs Max
	So yours is an opinion on other's people opinion that you claim to be nothing but lies, all on nothing but a hunch. Yeah, right.

If you had bothered to follow the link "Estimated level of error remains persistently above the materiality threshold of 2 %"

My opinion is based on what the Auditor actually wrote. , of course you're not interested in that as you would rather attempt to score a point.

[StirB]

	Quote:	fatmanfilms
	Sigh, the link you provided talks about the auditors OPINION being 'a true & fair view' Your clam of 'fair & accurate' was indeed something you made up, you link goes on to explain "Estimated level of error remains persistently above the materiality threshold of 2 %" which is hardly ideal If you had bothered to follow the link "Estimated level of error remains persistently above the materiality threshold of 2 %" My opinion is based on what the Auditor actually wrote. , of course you're not interested in that as you would rather attempt to score a point.

I'm afraid you have misunderstood, presumably deliberately (I will assume to save your blushes this is the case)...

There are two parts to the Audit:
Part 1 - are the accounts fair and accurate? Since 2007, the auditors have signed this off as a YES.

Part 2 - Are payments free from material error? This was a no until 2016 when it was qualified as "Not Entirely" instead of "No".

So, yes, despite your protests, they are signed off as "fair and accurate".

I won't hold my breath for your retraction and admission of error though; your posts are rarely either "fair" or "accurate".

[fatmanfilms]

	Quote:	StirB
	I'm afraid you have misunderstood, presumably deliberately (I will assume to save your blushes this is the case)... There are two parts to the Audit: Part 1 - are the accounts fair and accurate? Since 2007, the auditors have signed this off as a YES. Part 2 - Are payments free from material error? This was a no until 2016 when it was qualified as "Not Entirely" instead of "No". So, yes, despite your protests, they are signed off as "fair and accurate". I won't hold my breath for your retraction and admission of error though; your posts are rarely either "fair" or "accurate".

They have never ever been signed off as 'fair & accurate', those are not words Auditors ever use.

Please look at you link or any Auditors report for further info (or read what I wrote in the first line of the previous answer rather than groan)

I wish you would hold your breath

[Sandgrounder]

	Quote:	fatmanfilms
	They have never ever been signed off as 'fair & accurate', those are not words Auditors ever use. Please look at you link or any Auditors report for further info (or read what I wrote in the first line of the previous answer rather than groan) I wish you would hold your breath

Which bit of "signed off by an auditor" is tripping you up? It matters not if they say it's fair and accurate or even put a smiley face and a couple of kisses at the bottom of the report. It's signed off by an auditor. End of.

[StirB]

	Quote:	fatmanfilms
	They have never ever been signed off as 'fair & accurate', those are not words Auditors ever use. Please look at you link or any Auditors report for further info (or read what I wrote in the first line of the previous answer rather than groan) I wish you would hold your breath

Christ on a f00king bike:




The European Court of Auditors checks the EU’s accounts and delivers verdicts on them annually. It actually gives two different opinions on them: whether they’re accurate and reliable, and to what extent there’s evidence that money is being received or paid in error.
The auditors give a clean opinion on the accuracy and reliability of the accounts when they present a true and fair view of the EU’s finances and follow the rules of financial reporting. This has been the case since 2007.

[amogles]

	Quote:	Fish Paste
	If Britain Brexits, we’ll be back in within a generation. All it takes is the rise of a pro-europe party promising a new referendum, and, so we are led to believe, the remainers (soon to be joiners) will storm it.

Will that referendum be non binding too?

[Fish Paste]

	Quote:	amogles
	Will that referendum be non binding too?

As we now know, possibly, depends if it's the result they want.

They are going on about a new General Election in June, and (somehow) postponing Article 50 ( probably on the guise of the GE being something 'meaningful').

As so frequently said on this thread, this is the turkeys, (MPs), voting for Christmas, if it happens.

Everyone can take revenge on their MPs, but who can the remainers vote for to stay in? Obviously not Tory or Labour.

[marton]

	Quote:	amogles
	Will that referendum be non binding too?

Of course, in the UK referendums have to be non binding because Parliament is sovereign.
Which sovereignty is exactly what Brexiteers demand

[John William]

	Quote:	Troublawesome
	Next time around there won't be the same amount of factories and jobs so what they vote for won't matter that much. When a company leaves, they leave for decades. Those redneck places like Sunderland who lost everything after the coal mines closed were given a miracle when a Japanese company invested in their backwater town. They now managed to kick these out as well, anyone think that place will continue to exist in 10 years if Nissan closes the plant? Brexit is seriously the most retarded exercise in self-harm any nation has ever performed. The Leave areas are literally going to be obliterated after losing all the EU funding and overseas investment, the heavy Remain areas are funnily the ones that perhaps will be able to take the hit and keep going. None of you Brexiters realize that this works both ways. The same way you hallucinate new trade deals once out of the EU, in the same way hundreds of companies will not want to do business with a non-EU country anymore and prefer someone from within the bloc. You never count the negatives, somehow you thin you'll keep ALL your customers AND get new ones on top.... Anyone living in Switzerland already knows what a pain in the ass it is to order something from the US and have it delivered at their home. Import duties, delays, takes weeks in customs etc etc. Not to mention that all the EU countries will now try to take business away from you by sweetening the deals to UK companies and how easier it will be to operate in the single market instead of outside.

Could this be Auf Wiedersehen Pet for Nissan jobs in Brexit Britain ?

[marton]

Deloittes quarterly survey of UK Chief Financial Officers;

	Quote:
	Key findings Growing uncertainty over Brexit has led CFOs to adopt their most defensive strategy stance in nine years Risk appetite is down to a nine-year low and revenue growth expectations have dropped to the lowest level since the summer of 2016 After a long period of easy access to cheap credit funding conditions have begun to tighten for large corporates

Source

Of course, some people still believe most UK firms are not making plans for Brexit

[Odile]

Latest fab news - taking back control means...

no more checks on vehicles coming into UK from Continent. Really could not make it up if you tried. And would that not be totally against WTO rules too?

Perhaps someone here could make a list of things, animals and people that will be coming in un-checked?

[Troublawesome]

Desperation takes many forms. Won't last long, soon it will turn to hatred and the EU will be the devil. The worst tantrum a country has ever thrown will be seen.

[marton]

	Quote:
	The British government promised Nissan up to £80 million ($104 million) as it sought to reassure the Japanese carmaker about the future of its UK operations after the Brexit vote in 2016. The offer was included in a letter from Business Secretary Greg Clark to former Nissan Chairman Carlos Ghosn dated October 21, 2016. The letter said UK support was contingent on Nissan building two models in England. The letter, which was released by the UK government on Monday, has long been the subject of speculation.

Source and more details.

Nissan walking away from £80 million
They must really foresee big issues in the UK.

[fatmanfilms]

Fair & accurate do not appear to be words used by the auditor. I see an OPINION on a true & fair VIEW.

	Quote:	StirB
	Christ on a f00king bike: The European Court of Auditors checks the EU’s accounts and delivers verdicts on them annually. It actually gives two different opinions on them: whether they’re accurate and reliable, and to what extent there’s evidence that money is being received or paid in error. The auditors give a clean opinion on the accuracy and reliability of the accounts when they present a true and fair view of the EU’s finances and follow the rules of financial reporting. This has been the case since 2007.

[Sandgrounder]

	Quote:	fatmanfilms
	Fair & accurate do not appear to be words used by the auditor. I see an OPINION on a true & fair VIEW.

Irrelevant and meaningless semantics. It kind of sums Brexit up nicely.

[fatmanfilms]

	Quote:	Sandgrounder
	Irrelevant and meaningless semantics. It kind of sums Brexit up nicely.

It's either what the actual Auditors opinion stated, or something else. Something else it is then

14 out of 23 years had issues, that's a bigger majority then BREXIT. One needs to ask why the accounts were not corrected........

[StirB]

	Quote:	fatmanfilms
	It's either what the actual Auditors opinion stated, or something else. Something else it is then 14 out of 23 years had issues, that's a bigger majority then BREXIT. One needs to ask why the accounts were not corrected........

Stop digging, mate.

[fatmanfilms]

	Quote:	StirB
	Stop digging, mate.

I am not & have no desire to be your 'mate'

[StirB]

	Quote:	fatmanfilms
	I am not your 'mate'

Now now, play nice. You talk to me a lot for someone who doesn't want to be my mate...maybe you want something more?