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  • July 18- NQ Mobile Inc, a Chinese mobile security software maker facing allegations of fraud from short-seller Muddy Waters Research Group, said it dismissed PricewaterhouseCoopers Zhong Tian LLP as its independent auditor.

  • NQ Mobile dismisses PwC as independent auditor Friday, 18 Jul 2014 | 7:48 AM ET

    July 18- NQ Mobile Inc, a Chinese mobile security software maker facing allegations of fraud from short-seller Muddy Waters Research Group, said it dismissed PricewaterhouseCoopers Zhong Tian LLP as its independent auditor. NQ shares fell 11 percent before the bell.

  • July 15- The top U.S. auditor regulator said it expects to conduct its first inspection of a mainland Chinese audit firm by the end of the year, under an expected deal to resolve a long-running dispute between the United States and China regarding accounting oversight.

  • WASHINGTON, July 14- Accounting giant Ernst& Young will pay $4 million to settle civil charges that it violated auditor independence rules after one of its units lobbied congressional staffers on behalf of audit clients, U.S. regulators said Monday.

  • NEW YORK, July 9- A federal judge on Wednesday rejected PricewaterhouseCoopers' request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

  • July 3- NQ Mobile Inc's independent auditor has informed the company that it will need to expand the scope of its 2013 audit, the Chinese mobile security software maker said. The stock has been volatile after short-seller Muddy Waters Research Group called NQ Mobile a "massive fraud" in October, a charge the Chinese company rejected.

  • July 3- Chinese mobile security software maker NQ Mobile Inc said its independent auditor, PricewaterhouseCoopers Zhong Tian LLP, informed the company that it would need to expand the scope of its 2013 audit. NQ said its board and audit committee are considering PricewaterhouseCoopers' request.

  • Fed's Dudley warns over Puerto Rico's debt load Tuesday, 24 Jun 2014 | 5:42 PM ET
    A man walks past a vacant building on November 12, 2013 in the Santurce neighborhood of San Juan, Puerto Rico. The island territory of the United States, Puerto Rico, is on the brink of a debt crisis as lending has skyrocketed in the last decade as the government has been issuing municipal bonds.

    New York Fed President William Dudley warned Puerto Rico about its growing debt load.

  • SAN JUAN, June 24- New York Federal Reserve Bank President William Dudley warned Puerto Rico about its growing debt load and questioned if the island can sustain its high level of borrowing in remarks delivered to an accounting group on Tuesday.

  • A renewal in the subscription business model Tuesday, 17 Jun 2014 | 6:00 AM ET
    Tien Tzuo, co-founder and CEO of Zuora

    Consumers today are more likely to obtain goods and services via a subscription than through a purchase, and that's where Zuora comes in.

  • WASHINGTON, June 13- Four U.S. senators have called on the Defense Department to end a practice that involves deliberately inserting false numbers into the Pentagon's accounting ledgers and financial reports.

  • Hertz to restate 2011 results: Report     Friday, 6 Jun 2014 | 10:51 AM ET

    Hertz Global will restate its 2011 financial statements. Earlier CNBC indicated Hertz may restate its 2012 and 2013 financial statements, but CNBC's David Faber says that is not yet the case.

  • Hertz had been scheduled to report results on May 7 but delayed the announcement, saying more work was required. Hertz's accountant is PricewaterhouseCoopers LLP. Hertz shares were down 10.6 percent at $27.25 in early trading on the New York Stock Exchange.

  • June 6- Car rental company Hertz Global Holdings Inc said it would restate financial results for the past three years to correct accounting errors from 2011.. Hertz said its audit committee had concluded that financial statements for 2011 should no longer be relied upon.

  • *Cayman Islands, Bermuda common sites of shell companies. "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and U.S. Public Interest Research Group.

  • *Cayman Islands, Bermuda common sites of shell companies. "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and U.S. Public Interest Research Group.

  • *Cayman Islands, Bermuda common sites of shell companies. "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and U.S. Public Interest Research Group.

  • "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and the U.S. Public Interest Research Group.

  • News of the settlement talks comes just a few months after a Securities and Exchange Commission Administrative Law Judge handed down a harsh 112- page ruling that chastised the firms for failing to share audit work that SEC investigators believe could help them uncover accounting fraud.

  • Regulators: Deficiencies in 28% of Deloitte audits Monday, 2 Jun 2014 | 7:06 PM ET

    A regulator discovered deficiencies in 15 out of 53 Deloitte & Touche audits it examined, according to the Wall Street Journal.