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  • LONDON, Oct 23- The chairman of Britain's biggest grocery chain, Tesco, announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britain's biggest private employer and once the juggernaut of its retail sector, has lost half...

  • Tesco chairman resigns after accounting scandal Thursday, 23 Oct 2014 | 4:25 AM ET

    LONDON— The chairman of Tesco, the world's second-biggest retailer behind Walmart, announced his resignation Thursday amid an accounting scandal in which the company admitted it had overstated its projected profits. "Three immediate priorities are clear: to recover our competitiveness in the U.K., to protect and strengthen our balance sheet and to begin the...

  • LONDON, Oct 18- The world's third largest retailer, Tesco, will state next week that it overestimated earnings by less than the 250 million pounds which it previously announced, Sky news reported on Saturday, citing an unnamed banking source. Over the last year Tesco's big out-of-town stores have lost favor as shoppers buy more produce locally and online, while...

  • LONDON, Oct 1- Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped 4 billion pounds from the troubled grocer's stock market value.

  • LONDON, Oct 1- Britain's financial watchdog has launched a full investigation into the accounting scandal at Tesco which wiped 3 billion pounds from the troubled British grocer's stock market value last month.

  • LONDON, Oct 1- Tesco said Britain's financial watchdog had started a full investigation into the company in the wake of an accounting scandal which wiped 3 billion pounds from the British grocer's stock market value last month.

  • LONDON, Sept 24- Britain's accounting regulator will study the outcome of retailer Tesco's probe into book-keeping mistakes before deciding whether to take enforcement action, it said on Wednesday.

  • LONDON, Sept 23- Tesco Plc's disclosure of huge accounting mistakes over contracts with its suppliers shocked industry analysts and executives, but not because they didn't realise the potential for disaster.

  • LONDON, Sept 22- Tesco cut its profit forecast for the third time this year on Monday after finding a fault in its accounts, the latest blow of several to the reputation of Britain's biggest grocer.

  • UPDATE 1-Penn West says revamping accounting practices Thursday, 18 Sep 2014 | 9:40 AM ET

    Sept 18- Canadian oil producer Penn West Petroleum Ltd said it was strengthening its accounting practices after a review uncovered irregularities that forced to company to restate some of its prior results.

  • Penn West may have to review results since 2007 Thursday, 18 Sep 2014 | 8:23 AM ET

    Sept 18- Canadian oil producer Penn West Petroleum Ltd, under fire after it uncovered accounting irregularities in July, said its audit committee determined that the company needs to review results going back to 2007..

  • According to the SEC, AgFeed's Chinese management kept two sets of books- a real one and a fake one to present to investors. The case has garnered some attention because the SEC also charged the company's former U.S.-based independent audit committee chairman, a rare move by the agency.

  • EY: Making progress on US-China audit spat     Wednesday, 10 Sep 2014 | 9:45 PM ET

    Mark Weinberger, Global Chairman of EY, explains why he's hopeful for a resolution in the audit dispute between the U.S. and China.

  • NEW YORK, Sept 10- Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled.

  • *Anonymous Analytics accused Tianhe Chemicals of false accounting. SHANGHAI, Sept 10- The cost of borrowing shares in China's Tianhe Chemicals has risen since an equities research house alleged last week that the company cooked its books, suggesting the report was gaining traction with investors.

  • PwC must face $1 bln lawsuit over MF Global advice Wednesday, 27 Aug 2014 | 1:59 PM ET

    NEW YORK, Aug 27- A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

  • Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • Aug 15- Deloitte LLP's Chief Executive Officer Joe Echevarria plans to retire later this month to follow his interest in public service, the accounting and consulting firm said on Friday. Deloitte LLP is the member firm of Deloitte Touche Tohmatsu Limited, a UK private company. Subsidiaries of Deloitte LLP include audit firm Deloitte& Touche LLP.

  • UPDATE 1-NQ Mobile CFO resigns, cites family reasons Friday, 15 Aug 2014 | 11:49 AM ET

    Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • NQ Mobile CFO resigns, cites family reasons Friday, 15 Aug 2014 | 8:04 AM ET

    Aug 15- Chinese mobile-security software maker NQ Mobile Inc said Chief Financial Officer KB Teo resigned for family reasons, sending its shares down 33 percent in premarket trading. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.