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Bryan Shaw plead guilty to conspiring to commit securities fraud in the KPMG case, reports CNBC's Jane Wells.
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MILAN, April 26- The auditors of Italian oil services company Saipem found failings in the internal control system of the company, according to a letter by the company's internal audit committee published on the company website on Friday. Oil major Eni owns more than 40 percent of Saipem.
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PricewaterhouseCoopers will no longer audit Las Vegas Sands, reports CNBC's Jane Wells. Las Vegas Sands makes it clear there is no dispute between the 2 companies.
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Founder, chairman and CEO, Michael Yu of New Oriental, China's largest private education provider, tells CNBC why Chinese corporates should embrace global business standards.
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LONDON, April 26- UK lawmakers criticised the role of accounting firms in helping big companies avoid paying tax and said in a report on Friday that close corporate relationships with government raised concerns about undue influence on tax policy.
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*Companies can keep same accountant for 25 years. LONDON, April 25- European Union plans forcing companies to change accountants regularly were watered down on Thursday, providing some relief for the "Big Four" auditors that check most large company books.
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*Companies can keep same accountant for 25 years. LONDON, April 25- European Union plans forcing companies to change accountants regularly were watered down on Thursday, providing some relief for the "Big Four" auditors that check most large company books.
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*Vote is first key milestone to end months of deadlock* EU states have joint say on audit reform By Huw Jones. LONDON, April 24- Companies would have to change their accountant every 25 years under a tentative deal ahead of Thursday's committee vote on a European Union audit market reform, two parliamentary sources involved in the talks said on Wednesday.
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Russell Golden, 42, was named chairman of the seven-member U.S. Financial Accounting Standards Board by its parent organization, the Financial Accounting Foundation. A former FASB staff member and a former partner at accounting giant Deloitte& Touche LLP, Golden will replace Leslie Seidman, whose term as chair expires at the end of June.
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April 23- The Financial Accounting Standards Board, which writes accounting standards for U.S. businesses, has a new chairman, Russell Golden, its parent organization said on Tuesday. Golden has been a member of FASB since 2010. He will replace Leslie Seidman, whose term will end on June 30, said the Financial Accounting Foundation, FASB's parent, in a statement.
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MADRID, April 16- Spanish fishing firm Pescanova sank deeper into scandal on Tuesday as shareholder anger mounted over accounting failings and the chairman's undeclared sale of shares in the period leading up to insolvency proceedings.
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Spanish fishing firm Pescanova shareholders' anger mounted over accounting failings and the chairman's undeclared sale of shares in the period leading up to insolvency proceedings.
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MADRID, April 16- The Spanish stock market regulator CNMV is studying fishing company Pescanova's non-audited 2012 results before making them public, underlining fears of a major accounting scandal at the insolvent company.
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MADRID, April 16- Spanish fishing firm Pescanova sank deeper into scandal on Tuesday as shareholder anger mounted over accounting failings and the chairman's undeclared sale of shares in the period leading up to insolvency proceedings.
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Discussing the KPMG scandal, with CNBC's Jane Wells; Jared Bernstein, Center on Budget & Policy Priorities; and Robert Costa, National Review.
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Bryan Shaw allegedly netted nearly half a million dollars trading Herbalife on inside information from his golfing buddy, Scott London, reports CNBC's Jane Wells. But is equal justice being applied in the case? Paul Pfingst, former federal prosecutor and Marc LoPresti, Tagliaferro & Lo Presti, discuss.
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Ex-KPMG partner Scott London's attorney says London will plead guilty to insider trading, with CNBC's Jane Wells, the "Power Lunch" crew and Business Insider's Henry Blodget.
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Ex-KPMG partner Scott London was officially charged with insider trading today, reports CNBC's Jane Wells. Mitch Epner of Wilson, Sonsini, Goodrich and Roasti, provides perspective.
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April 11- Fewer class-action lawsuits alleging accounting improprieties were filed last year in the United States, but those that were settled in 2012 carried a higher price tag, according to a study from Cornerstone Research.
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The global accounting giant fired Scott London, a long-time Los Angeles audit partner, after learning he shared privileged information on audit clients with a golf partner, Bryan Shaw. The SEC charged that information on five companies was shared in a scheme that brought Shaw $1.3 million in illicit trading profits.
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LONDON, April 11- The international accounting body working to beef up company audit rules says it is running short of money and wants the United States to stump up more cash to help it complete its reforms.