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  • *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...

  • Who’s behind this company’s share price drop? Wednesday, 18 Feb 2015 | 4:30 AM ET

    Iceberg Research, the anonymous commenter that caused shares in Singapore-listed Noble Group to tumble this week, may soon find itself unmasked.

  • This firm's shares get hit after Enron comparison Tuesday, 17 Feb 2015 | 6:16 AM ET

    Noble's shares dropped for a second day despite analysts' skeptical view of an anonymous, critical research report comparing the company to Enron.

  • Are short sellers gunning for Singapore again? Monday, 16 Feb 2015 | 3:37 AM ET
    Pedestrians exit an escalator that runs past an electronic screen and ticker board that indicates stock figures at the Singapore Exchange Ltd. (SGX) headquarters.

    Noble Group has become the latest target of a critical research report, sending its shares sliding, but this time, it's spurred questions about the report's writer.

  • RIO DE JANEIRO, Feb 9- By picking a banker instead of an oil executive to run Petrobras, Brazilian President Dilma Rousseff appears to have recognized that the state-run company's biggest priority is to clean up its books and acknowledge how many billions of dollars it lost to a corruption scheme in recent years. While some voice respect for Bendine, who was...

  • Deloitte names first female CEO of a Big 4 firm Monday, 9 Feb 2015 | 11:09 AM ET

    NEW YORK, Feb 9- Deloitte LLP has named veteran Cathy Engelbert as chief executive officer, making her the first woman to become CEO of a major U.S. accounting and consulting firm. Engelbert, 50, was formerly chairman and chief executive of Deloitte& Touche LLP, the U.S. auditing subsidiary of Deloitte LLP. Deloitte LLP is the U.S. arm of Deloitte Touche Tohmatsu, one of...

  • The deal with the SEC notably does not suspend the firms from practicing as accountants for China- based companies listed on U.S. markets. The firms can face an automatic six-month suspension, however, if they fail to produce documents or provide records that the SEC deems to be deficient. The SEC could also start new fast-tracked enforcement actions or revive...

  • The Securities and Exchange Commission said the Chinese units of Deloitte, Ernst& Young, PricewaterhouseCoopers and KPMG will each pay $500,000 and admit that prior to 2012 they did not produce documents the SEC had requested. The settlement with the SEC notably does not suspend the firms from practicing as accountants for China- based firms listed in U.S....

  • The Securities and Exchange Commission said that the Chinese units of Deloitte, Ernst& Young, PricewaterhouseCoopers and KPMG will each pay $500,000 and admit that prior to 2012, they did not produce documents the SEC had requested. The settlement with the SEC notably does not suspend the firms from practicing as accountants for China- based firms listed in...

  • Deloitte, whose audit clients range from carmaker General Motors Co to investment bank Morgan Stanley, achieved total fees including consultancy work of $34.2 billion last year, giving it a $248 million lead over second-placed PwC, the annual International Accounting Bulletin World Survey said. Rob Tautges, chief executive of mid-tier firm HLB...

  • Potpreneurs hit their newest legal hurdle: The IRS Wednesday, 21 Jan 2015 | 3:18 PM ET
    Attendees at the Cannabis Tax and Law Symposium in San Diego.

    Owners of recreational pot operations are preparing to file their first federal tax returns and they're learning some hard lessons.

  • SINGAPORE, Jan 8- Singapore is updating guidelines on an accounting practice mired in controversy for helping multinational companies minimize their tax bills, as the city-state moves more in line with a crackdown by Western governments on aggressive tax avoidance. International taxation has come under scrutiny since a quirk of "transfer pricing" was found...

  • LONDON, Jan 8- Britain's biggest grocer Tesco plans to sell assets and cut hundreds of millions of pounds of costs to fund lower prices in store as part of its plan to fight back from the biggest crisis in its 95- year-history. Seeking to recover from four profit warnings and an accounting scandal last year, new Tesco boss Dave Lewis unveiled his plan alongside a...

  • LONDON, Jan 5- New Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales when he provides an update on his plans to revive the troubled British grocer's fortunes on Thursday. Britain's biggest retailer, reeling from an accounting scandal and four profit warnings that halved its share price last year, could also detail substantial property asset...

  • RIO DE JANEIRO/ BRASILIA, Jan 2- When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide. "Petrobras has one of the most accurate accounting standards in the world," said Rousseff, who was then chairwoman of its board and is now Brazil's president.

  • WASHINGTON, Dec 29- Female chief financial officers at U.S. corporations are less likely to adopt high-risk tax-avoidance strategies than their male counterparts, according to a study by an accounting group. The analysis was done by four accounting professors at Rensselaer Polytechnic Institute and Fordham University. Tax aggressiveness was gauged by the...

  • LONDON, Dec 22- When Phil Clarke was sacked as Tesco's CEO, senior executives hoped his 0700 strategy meetings would go with him. They did- new boss Dave Lewis starts his at 0630.. Parachuted in from Unilever in September, Lewis soon faced the task of making the shock announcement that a 250 million pound hole had been found in Tesco's profits, in an accounting scandal...

  • American Realty shares closed down 4 percent on the Nasdaq on Thursday. American Realty could not be immediately reached for comment. American Realty said on Oct. 29 McAlister and Block had resigned after its audit committee discovered "intentional" accounting errors.

  • Dec 18- A former executive of American Realty Capital Properties Inc alleged former chairman Nicholas Schorsch directed her and another executive to manipulate financial results, the Wall Street Journal reported. American Realty shares closed down 4 percent on the Nasdaq on Thursday. American Realty had then said McAlister and Chief Financial Officer...

  • Dec 11- Wal-Mart Stores Inc said it discovered discrepancies in pricing and inventory at its China operations in 2011 and has since reinforced its compliance policies in the country. Bloomberg reported on Wednesday that Wal-Mart had used "questionable accounting and unauthorized sales practices" to make its retail business in China appear stronger at a...