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…
UK accounting watchdog fines PwC over Galliford Try, Kier audit failures
LONDON – The Financial Reporting Council has fined accounting firm PwC around 5 million pounds ($6.22 million) as part of a package of sanctions following an investigation into audit failures at construction…
Drexel University Accounting Professor Arrested for Tax Evasion, Filing False Returns
TRENTON, N.J. – Princeton Junction resident Gordian A. Ndubizu, 67 has been arrested and charged by the Department of Justice for tax evasion and filing false tax returns. Ndubizu, according to the…
Mercer County Accounting Professor Charged with Tax Evasion and Filing False Tax Returns
TRENTON, N.J. – A Mercer County, New Jersey, man was arrested today for tax evasion and filing false tax returns, U.S. Attorney Philip R. Sellinger announced. Gordian A. Ndubizu, 67, of Princeton…
Explainer-Shanghai death numbers raise questions over its COVID accounting
By David Stanway SHANGHAI – China’s biggest COVID-19 outbreak, in Shanghai, has again raised questions about the country’s official data – especially a death rate that despite a recent jump, remains far…
FORMER ACCOUNTING SUPERVISOR PLEADS GUILTY TO EMBEZZLING FUNDS FROM JOHNSON CO. DISTRICT COURT
KANSAS CITY, KAN. – A Kansas woman pleaded guilty today to federal charges of wire fraud and filing a false tax return related to a scheme to embezzle money from the Johnson…
U.S. accounting watchdog sanctions KPMG’s ex-vice chair of audit
By Chris Prentice and Susan Heavey WASHINGTON -The Public Company Accounting Oversight Board (PCAOB) on Tuesday said it has sanctioned KPMG LLP’s former vice chair of audit for his role in a…
Exclusive – Investors warn European companies over climate accounting
By Simon Jessop LONDON – Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP and Volkswagen, that they could challenge board directors over…
Former Accounting Manager Pleads Guilty To Stealing From Chickasaw Nation
MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Christopher Wallace Covington, age 41, of Ada, Oklahoma, entered a guilty plea to an Information charging…
Accounting firms KPMG and PwC to exit Russia
– Two of the Big Four accounting firms KPMG and PricewaterhouseCoopers LLP (PwC) on Sunday said they will no longer have a member firm in Russia due to the country’s invasion of…
Appeal court acquits former BT Italy exec on false accounting charge
MILAN – A Milan appeals court has acquitted Stefania Truzzoli, former chief operating officer at BT Italy, of alleged false accounting at the Italian unit of British Telecom in 2015 and 2016,…
U.S. SEC announces charges, penalty on medtech firm Baxter for accounting improprieties
– The U.S. Securities and Exchange Commission on Tuesday announced charges and an $18 million penalty against medtech firm Baxter International Inc for engaging in “improper intra-company foreign exchange transactions” resulting in…
Former bookkeeper of a St. Louis accounting firm sentenced to prison for $670K fraud scheme
ST. LOUIS – Paula Smith, 69, of O’Fallon, Missouri, appeared before United States District Court Judge Matthew T. Schelp on today’s date. Smith was sentenced to 46 months in federal prison. Smith previously…
Former CEO Of Publicly Traded Houston Company Sentenced To Three Years In Prison For Accounting Fraud And Misappropriation Schemes
Damian Williams, the United State Attorney for the Southern District of New York, announced today that JEFFREY HASTINGS, the former Chief Executive Officer and Chairman of the Board of Directors of SAExploration…
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