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Corporate Finance Accounting

  • KIEV, July 20- Ukraine's central bank said on Thursday it had withdrawn the right to formally audit the country's banks from the Ukrainian unit of the international accounting firm PwC. PwC Ukraine had audited the largest Ukrainian bank, PrivatBank, which Ukraine took over in December after risky lending practices left it with a capital shortfall of more than...

  • China should quicken the pace to eliminate restrictions on foreign capital in areas such as baby products, elderly care, architecture design, accounting, auditing, logistics, and e-commerce, Xi told the Communist Party's financial and economic leading group in a regular meeting, as reported by state radio. Xi said China should create a new basic law governing...

  • JOHANNESBURG, July 12- South African state-run transport and logistics company Transnet said on Wednesday it had suspended senior officials after external auditors flagged "reportable irregularities" to their regulatory body. Transnet's admission comes a day after power utility Eskom said its auditors had raised similar issues with the Independent...

  • SAO PAULO, July 12- Brazil's securities industry watchdog CVM has reversed a preliminary decision ordering state-controlled Petróleo Brasileiro SA to restate financial statements in recent years to include the impact of currency protection on debt and other balance sheet items. Petrobras announced changes in the accounting of so-called currency...

  • MILAN, July 5- The U.S. accounting watchdog is investigating accounting firm PricewaterhouseCoopers's audits of British telecoms group BT's Italian business, which has been hit by a book-keeping scandal, a source close to the matter said. The PwC audit of the Italian business is coming under increasing scrutiny worldwide after a similar investigation...

  • LONDON, June 29- Britain's accounting regulator said on Thursday it would investigate audits by PricewaterhouseCoopers LLP of BT Group after a scandal was uncovered this year at the Italian operations of the British telecoms group. The Financial Reporting Council, which can fine auditing firms and accountants and ban individuals from the accountancy...

  • LONDON, June 29- Britain's Financial Reporting Council said on Thursday it would investigate PricewaterhouseCoopers LLP's audits of BT Group for 2015 to 2017 after an accounting scandal in the telecoms company's Italian operations. BT in January lost one fifth of its market value after it uncovered a complex accounting scandal at its Italian business,...

  • LONDON, June 29- Britain's Financial Reporting Council said on Thursday it would investigate PricewaterhouseCoopers LLP's audits of BT Group for 2015 to 2017 after an accounting scandal in the telecoms company's Italian operations.

  • WILMINGTON, Del, June 27- The Delaware Supreme Court ruled in favor of Chicago Bridge& Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants. Tuesday's ruling will prevent Westinghouse from bringing to the auditor issues tied to historical accounting, which made up...

  • WILMINGTON, Del, June 27- The Delaware Supreme Court ruled in favor of Chicago Bridge& Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants. Tuesday's ruling will prevent Westinghouse from bringing to the auditor issues tied to historical accounting, which made up...

  • Irwin Simon, president and chief executive officer of Hain Celestial Group Inc.

    With an internal probe over, Hain CEO Irwin Simon is upbeat on what's ahead and sees a silver lining to the Amazon-Whole Foods deal.

  • BRUSSELS, June 21- Tax advisers in the European Union risk fines for helping companies to cut their tax bills by shifting profits to low-tax countries, if proposed new EU legislation gets approval. Under the draft law, proposed by the European Commission on Wednesday, tax advisers including the Big Four accounting firms, banks and lawyers, would be required to...

  • June 15- The U.S. Department of Justice is investigating some of the ways Booz Allen Hamilton Holding Corp, one of the largest consulting firms in the world, charges the government for services and accounts for costs, the company said in a filing on Thursday that sent its shares down 12 percent after the bell. Headquartered in McLean, Virginia near the Central...

  • June 15- Consulting firm Booz Allen Hamilton Holding Corp said on Thursday the U.S. Department of Justice was investigating some of its finances including. The Justice Department informed one of its units of the investigation earlier this month, the company said in a filing on Thursday. Public affairs representatives at the Justice Department did not respond...

  • Booz Allen Hamilton's cyber solution facility.

    Booz Allen Hamilton's stock sank 13 percent in afterhours Thursday on news it's the target of a U.S. civil and criminal probe.

  • June 15- Booz Allen Hamilton Holding Corp said the U.S. Department of Justice was investigating some of its cost accounting and indirect cost charging practices with the government, sending its shares down 12 percent after the bell. The Justice Department informed a unit of the consulting firm, Booz Allen Hamilton Inc, of the investigation earlier this month,...

  • June 15- Booz Allen Hamilton Holding Corp said on Thursday that the U.S. Department of Justice was conducting an investigation related to some of its cost accounting and indirect cost charging practices with the U.S. government. The company said its audit processes had not identified any material weaknesses or "significant erroneous cost charging", according...

  • The company said it now expects adjusted earnings of $2.00 to $2.05 per share for the year ending January 2018, down from an earlier forecast of $2.21 to $2.25. Kroger estimated a LIFO charge an accounting method for inventory of $80 million, compared to an earlier estimate of $25 million. Net earnings attributable to Kroger plunged to $303 million, or 32 cents per...

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.