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  • Audits around the world are riddled with problems -survey Thursday, 10 Apr 2014 | 10:00 AM ET

    WASHINGTON, April 10- Public company and bank audits conducted around the globe by units affiliated with the world's six largest accounting firms are persistently riddled with flaws, a group of international regulators have found.

  • CVS settles SEC investigation for $20 million Tuesday, 8 Apr 2014 | 3:05 PM ET

    CVS Caremark has finalized a $20 million settlement with the Securities and Exchange Commission over accusations that the company misled investors and used improper accounting to boost its performance several years ago.

  • MOSCOW, April 2- Russia's government may allow state-controlled companies to cut their dividend payments by calculating them according to Russian accounting standards rather than international standards to help weather an economic downturn, Vedomosti reported on Wednesday.

  • Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • Ex-Dewey finance director admits accounting was false Thursday, 27 Mar 2014 | 4:02 PM ET

    Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • Here's what keeps CEOs up at night     Tuesday, 18 Mar 2014 | 7:54 AM ET

    John Veihmeyer, KPMG Chairman & CEO, discusses the challenges ahead as businesses grapple with new regulations.

  • WASHINGTON, March 17- A top U.S. audit regulator is sounding the alarm over what she fears may be a false stamp of approval that some accounting firms are using as they market themselves to potential clients.

  • WASHINGTON, March 17- A top U.S. audit regulator is sounding the alarm over what she fears may be a false stamp of approval that some accounting firms are using as they market themselves to potential clients.

  • NEW YORK, March 2- The U.S. Securities and Exchange Commission is investigating Citigroup for accounting fraud after it disclosed bogus loans in its Mexican Banamex unit, a source familiar with the investigation said. The securities regulator is also examining whether Citigroup violated the Foreign Corrupt Practices Act, the source said.

  • Feb 18- Hewlett-Packard Co's senior executives were aware of Autonomy Corp's accounting practices months before a whistleblower flagged them, the Financial Times reported citing email records.

  • Feb 18- Hewlett-Packard Co's senior executives were aware of Autonomy Corp's accounting practices months before a whistle-blower flagged them, prompting HP to write down Autonomy, the Financial Times reported citing email records.

  • *JD.com could be second-biggest Chinese IPO in the United States. Some 30 Chinese companies could list in the United States this year, according to investment bankers interviewed by Reuters.

  • WASHINGTON, Feb 5- The top U.S. audit watchdog said on Wednesday that the United States and China are close to striking a deal that would allow Washington to inspect the audit work of accounting firms in China.

  • WASHINGTON, Feb 5- The top U.S. audit watchdog said on Wednesday he believes the United States and China are close to striking a deal that would allow Washington to inspect the audit work of accounting firms in China.

  • Critics say the internal court system gives the SEC a home-court advantage. The impact of the court was on full display when Elliot sided with the SEC on January 22 in a blunt 112- page opinion that slapped the Chinese units of the "Big Four" accounting firms with a six-month U.S. industry suspension.

  • Jan 29- A Chicago- based accountant was indicted for allegedly trading ahead of an earnings announcement from his then employer, Allscripts Healthcare Solutions Inc, U.S. federal prosecutors said on Wednesday. Attorney's office in Chicago said. He now also faces charges from the Securities and Exchange Commission.

  • LONDON, Jan 29- Deloitte has pipped rival PwC to become the world's top accountant by revenue in the face of rising pressure on fees and new rules boosting competition, a global survey showed.

  • *ECB conducts Asset Quality Review for 130 banks. LONDON, Jan 27- The euro zone's grand plan to clean up its banks could falter because the European Central Bank lacks the power to force bankers, constrained by accounting rules, to accept regulators' view of the risks on their books. Estimates of the banks' total capital shortfall have been as high as $1 trillion.

  • The SEC on Friday also released a report on the KPMG probe that warned accounting firms to abide by strict auditor independence rules. One practice the SEC deemed improper was the hiring of by KMPG of former employees of audit clients, then loaning the employees back to the clients as a staffer.

  • WASHINGTON, Jan 24- Accounting firm KPMG will pay $8.2 million to settle civil charges that it violated independence rules by providing certain non-auditing services to companies whose books it audited, U.S. regulators said on Friday.

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