US climate rule will boost sustainable accounting industry
By Ross Kerber (Reuters) – New U.S. climate-disclosure regulations should boost demand for services of the Big Four accounting firms and more specialized reviewers, and could sharpen a rivalry between the two…
Former CEO Of Iconix Brand Group Sentenced To 18 Months In Prison For Accounting Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced earlier today that NEIL COLE, the former Chief Executive Officer of Iconix Brand Group, Inc. (“Iconix”), was sentenced…
GE must face shareholder lawsuit over accounting, disclosures; judge urges settlement
By Jonathan Stempel NEW YORK (Reuters) – General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power business, and…
U.S. to send Kyiv first $200 million of arms freed by $6.2 billion ‘accounting error’
By Mike Stone WASHINGTON (Reuters) – President Joe Biden’s administration will announce $200 million of new weapons aid for Ukraine as soon as Tuesday, U.S. officials told Reuters, as it begins to…
Global accounting firms set up shop in India’s smaller cities
By Manoj Kumar and Jatindra Dash and Sumit Khanna BHUBANESWAR, India (Reuters) – The world’s major accounting firms are stepping up investments in new Indian facilities away from bigger cities as global…
Exclusive-Prosecutors probe false accounting charges in Eurovita case – source
By Emilio Parodi MILAN (Reuters) – Prosecutors in Milan are probing allegations of false accounting in relation to the crisis at Italian life insurer Eurovita, a person with knowledge of the matter…
Pentagon Says It Discovered Extra $6.2 Billion For Ukraine Weapons Aid Thanks To Accounting Error
Pentagon Says It Discovered Extra $6.2 Billion For Ukraine Weapons Aid Thanks To Accounting Error Micaela Burrow on June 20, 2023 The Department of Defense (DOD) overestimated the value of weapons sent…
Pentagon’s Ukraine accounting error revised up to $6.2 billion
(Reuters) – The Pentagon found it had overestimated the amount of funding for ammunition, missiles and other equipment it sent to Ukraine by $6.2 billion due to an accounting error, a spokesperson…
Powerful Brazilian lawmaker orders Americanas accounting probe
SAO PAULO (Reuters) – The head of Brazil’s lower house authorized on Wednesday the creation of a committee to investigate Americanas, the retailer at the center of a nearly $4 billion accounting…
Brazilian securities watchdog launches new probes into Americanas accounting fiasco
SAO PAULO (Reuters) – Brazilian securities watchdog CVM said on Friday it has launched two new probes into retailer Americanas SA’s accounting scandal and the firm’s reorganization process. CVM said it launched…
Americanas’ ex-chief testifies before watchdog after accounting scandal -source
RIO DE JANEIRO (Reuters) – The former chief executive of scandal-hit Brazilian retailer Americanas SA testified on Thursday at the country’s securities watchdog, a source familiar with the matter said, as authorities…
KPMG becomes first Big Four accounting firm to cut staff in U.S. – FT
(Reuters) – KPMG is cutting close to 2% of its workforce in the United States, becoming the first of the world’s four biggest accountancy firms to slash jobs in the country, the…
Americanas accounting scandal was a ‘fraud,’ says CEO of Brazil’s Itau
SAO PAULO (Reuters) – The chief executive of Brazil’s biggest private lender Itau Unibanco said on Wednesday that the accounting inconsistencies that led retailer Americanas SA to request bankruptcy protection represent a…
Brazil’s Americanas board to remove top executives after accounting scandal
SAO PAULO (Reuters) – Brazilian retailer Americanas SA said on Friday its board had decided to remove three directors and three executives amid investigations over so-called accounting inconsistencies. Americanas, backed by the…
U.S. accounting watchdog faces lawsuit over its ‘secretive’ disciplinary process
By Douglas Gillison and Chris Prentice (Reuters) – The U.S. accounting watchdog is facing a lawsuit over claims the regulator’s process of handling disciplinary matters behind closed doors is unconstitutional. The lawsuit,…
Senators Warren, Smith ask Fed for accounting of banks’ crypto ties
(Reuters) – U.S. Senators Elizabeth Warren and Tina Smith are demanding an accounting from the Federal Reserve and other U.S. financial regulators of banks’ cryptocurrency activity and ties to the industry following…
Former CEO Of Iconix Brand Group Convicted At Trial Of Accounting Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced earlier today that a federal jury found NEIL COLE, the former Chief Executive Officer of Iconix Brand Group,…
U.S. SEC charges cannabis firm Cronos, former exec with accounting fraud
(Reuters) – The U.S. Securities and Exchange Commission has charged Canadian cannabis company Cronos Group Inc and its former chief commercial officer with accounting fraud, the regulator said on Monday. Cronos and…
U.S. accounting watchdog levies largest-ever fine against individual
WASHINGTON (Reuters) – The Public Company Accounting Oversight Board (PCAOB) on Tuesday said it has fined an accountant with its largest-ever civil monetary penalty against an individual and sanctioned his New York-based…
Former USF Accounting Manager Sentenced To Ten Years In Prison For Mail Fraud Scheme
Tampa, Florida – U.S. District Judge William F. Jung has sentenced Ralph Puglisi (60, Palm Harbor) to 10 years in federal prison for mail fraud. As part of his sentence, the court…
Accounting Specialist Charged with Embezzling more than $270,000 from WFYI Public Media
INDIANAPOLIS – Mindi B. Madison, 52, of Indianapolis, has been charged by information with conspiracy to commit wire fraud. Madison will make her initial appearance on September 15, 2022, at 10:00 a.m.,…
Revolution Beauty to suspend stock trading on accounting concerns
(Reuters) – Revolution Beauty Group said on Friday trading in its shares will be suspended from Sept. 1 as the beauty products maker does not expect to release its 2022 results by…
Evansville Man Sentenced to 16 Months in Prison for Using his Accounting Position to Embezzle More than $87,000 from his Gibson County Employer
EVANSVILLE – Patrick Garrett, 33, of Evansville, Indiana, was sentenced to 16 months in federal prison after pleading guilty to charges of wire fraud, bank fraud and money laundering. According to court documents, Garrett was employed as a Sales…
U.S. needs full access to Chinese company audit papers to resolve accounting dispute – watchdog
By Katanga Johnson WASHINGTON – The U.S. public company accounting regulator will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, its chair…
Former Director Of Accounting And Human Resources Pleads Guilty To Embezzling From Her Employer
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”),…
U.S. House panel probes Trump’s accounting of foreign gifts
WASHINGTON – The U.S. House of Representatives’ Oversight Committee said on Tuesday it had opened an investigation into what it called former President Donald Trump’s failure to account for gifts received from…
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