A top auditor for Herbalife and Skechers is under investigation for leaking non-public client information to a third party, reports CNBC's Kayla Tausche. CNBC's Herb Greenberg and Harvey Pitt, Former SEC Chairman, discuss.
CNBC's Kayla Tausche spoke with Skechers CFO Dave Weinberg, who said it had been disclosed that a senior audit partner had admitted to selling the company's nonpublic information. The auditor, Scott London, is cooperating with the Feds and no one else is under questioning.
According to a source, ousted KPMG partner Scott London was the auditor for Herbalife, reports CNBC's Kayla Tausche.
KPMG first learned last Friday that a senior partner in the firm's audit practice had leaked confidential information to a third party concerning Herbalife and Skechers, reports CNBC's Kayla Tausche. CNBC's Herb Greenberg, provides perspective.
CNBC's Brian Shactman and Herb Greenberg report on the underlying issues surrounding KPMG as Herbalife stock begins trading again.
CNBC's Kate Kelly takes a look at how Ackman's Pershing Square holdings are performing so far this quarter. And CNBC's David Faber reports on alleged insider trading by one of KPMG's former partners, with the "Squawk on the Street" news team.
CNBC has been told by a source that KPMG's resignation as auditor to Herbalife is unrelated to the battle over the stock between investors Bill Ackman and Carl Icahn.
CNBC's Scott Wapner fills in the details on the resignation of KPMG as Herbalife auditor; and CNBC's Kate Kelly reports why a short play may not be necessary on the stock. Also, an update on why Herbalife has stopped trading, with CNBC's Herb Greenberg.
"What is going on here?", asks CNBC's Jim Cramer, as the The "Squawk on the Streeet" new team await news on why Herbalife has stopped trading and the company's auditor, KPMG resigned. With CNBC's Herb Greenberg.
CNBCs Scott Wapner has the details on KPMG's resignation as auditor for Herbalife. (3:12)
New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
American International Group is investing billions of dollars in "big data" as part of its major focus on "rebuilding the foundation of the company," CEO Robert Benmosche told CNBC.
CNBC's David Faber has the latest details from Deloitte, the firm that audited Autonomy before its acquisition by Hewlett-Packard.
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A new wave of scandals involving Chinese companies listed overseas could hit New York and Hong Kong in the coming weeks as the annual results season get under way with auditors on high alert for fraud. The FT reports.
Discussing an IRS plan to audit people making $500k or more a year, with Gary Shapiro, Consumer Electronics Association, and Mark Everson, former IRS commissioner.
The play on Europe before next Monday's Greece audit, with Larry McDonald, Newedge senior director.
The European arms of the four biggest accountants are being threatened with a break-up under sweeping European Commission reforms to be unveiled on Wednesday, the Financial Times reports.