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  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP is near settling a high-profile lawsuit filed by New York state that accused the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, people familiar with the matter told Reuters. A spokeswoman for Ernst& Young declined to comment, as did a spokesman for New York...

  • BEIJING, April 15- The Chinese government has hired seven accounting firms to carry out an audit of the overseas assets of China's state-owned enterprises, the sector's regulator said on Wednesday, as it tries to improve transparency and combat corruption. The State-owned Assets Supervision and Administration Commission said that it will spend 11.39...

  • Has Noble fought back the tide of Muddy Waters? Sunday, 12 Apr 2015 | 9:45 PM ET

    Asian commodity trader Noble Group has managed to fight off another round of research flak, this time from prominent short seller Muddy Waters.

  • Why Noble Group is worrying: GMT Research   Thursday, 9 Apr 2015 | 9:02 PM ET
    Why Noble Group is worrying: GMT Research

    Robert Medd, partner of GMT Research, outlines the research house's concerns over Singapore-listed Noble Groups' financial statements.

  • NEW YORK, April 1- The board that sets accounting rules for U.S. public companies proposed on Wednesday a one-year delay in sweeping new rules that would change the way companies recognize revenue, one of the most important numbers in corporate financial statements. The revised timeline from the U.S. Financial Accounting Standards Board calls for the rules to...

  • NEW YORK, April 1- The board that sets accounting rules for U.S. public companies proposed on Wednesday a one-year delay in sweeping new rules that would change the way companies recognize revenue, one of the most important numbers in corporate financial statements. The revised timeline from the U.S. Financial Accounting Standards Board calls for the rules to...

  • April 1- Wall Street analysts may be inadequately accounting for the dollar's sharp first-quarter rally, setting up a scenario in which some multinational companies may miss already low earnings estimates and be punished with selloffs of their shares. North American public companies could give up more than $25 billion in revenues and 7 cents per share in...

  • EDINBURGH, March 12- An international accounting standards body said on Thursday it was looking at developing new accounting methods for "hybrid" pensions which did not fit easily into standard categories. But many firms are also introducing hybrid pension schemes which do not fit neatly into either category, International Accounting Standards Board Chair...

  • "Hybrid" pensions may need new accounting rules-IASB Thursday, 12 Mar 2015 | 6:00 AM ET

    EDINBURGH, March 12- An international accounting standards body said on Thursday it was looking at developing new accounting methods for "hybrid" pensions which did not fit easily into standard categories. But many firms are also introducing hybrid pension schemes which do not fit neatly into either category, International Accounting Standards Board Chair...

  • March 10- American Realty Capital Properties Inc named Glenn Rufrano, a former chief executive of Cushman& Wakefield, as its CEO, nearly three months after its top executives resigned due to an accounting error. American Realty, which went public in 2011, is being investigated by the U.S. Federal Bureau of Investigation. He has also led New Plan Excel Realty Trust...

  • VIENNA, March 3- Among the "bad banks" that have emerged since the global crisis, Austria's Heta Asset Resolution stands out as a spectacular failure, brought down by setbacks ranging from the demands of accounting rules to ailing Balkan economies and a Swiss decision to let the franc surge. Questions are swirling over how things could have gone so wrong so quickly...

  • Genworth Financial CEO Tom McInerney

    Genworth Financial said on Monday it has identified material weakness in its accounting.

  • COLUMN-Prepare to wait for U.S. tax help Monday, 2 Mar 2015 | 8:00 AM ET

    The problems start with the fact that the IRS has cut nearly 12,000 positions as its budget has fallen by an inflation-adjusted 17 percent since 2010.. In addition, the IRS changed the rules on how repairs to tangible property are treated, requiring accounting changes for businesses, including landlords, that own real estate and equipment.

  • March 2- American Realty Capital Properties Inc, a real estate investment trust, expanded its restatement to include financial reports from 2012 and 2011 to fix certain accounting errors. The company had earlier disclosed that it would restate results for 2013 and the first two quarters of 2014.. American Realty said adjusted funds from operations were also "...

  • SINGAPORE, Feb 26- Commodity trader Noble Group Ltd unexpectedly reported its first quarterly loss in three years due to asset write-downs, and rejected allegations of improper accounting, saying a disgruntled former junior employee was behind a critical report. In an earnings call after its results late on Thursday, Chief Executive Yusuf Alireza faced a...

  • *Takes impairment, other charges of $438 mln for full-yr. SINGAPORE, Feb 26- Asian commodities trader Noble Group Ltd reported its first quarterly loss in three years and took impairment charges of over $400 million, days after it was hit by allegations of aggressive accounting from an obscure research firm. The Singapore- listed company said it had swung to a...

  • SINGAPORE, Feb 26- Asian commodities trader Noble Group Ltd on Thursday rejected fresh allegations of aggressive accounting from an obscure research firm, which triggered a trading halt ahead of the release of its annual results. The company halted trading in its stock, valued at $5.3 billion, on Thursday morning to allow time for consultations with its...

  • *Restated profits $381 mln lower in November. DUBAI, Feb 24- An accounting scandal at Saudi Arabia's Mobily is set to constrain dividend payouts from the former stock market darling for the next few years and make investors more picky about companies in the kingdom. Analysts who met acting Mobily Chief Executive Serkan Okandan a month ago came away with the...