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...» Read More
Oct 31- Construction equipment company Caterpillar Inc on Friday said the U.S. Securities and Exchange Commission is investigating how it accounted for its July 2011 purchase of Bucyrus International Inc.. In its quarterly report, Caterpillar said the Sept. 10 subpoena from the SEC seeks information about its accounting for goodwill relating to the $7.6...
LONDON, Oct 29- Britain's Serious Fraud Office confirmed on Wednesday it had formally launched a criminal investigation into accounting practices at Tesco Plc, Britain's largest retailer. The financial regulator, the Financial Conduct Authority, promptly confirmed it was discontinuing its own separate investigation with immediate effect following a...
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...
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...
Mark Weinberger, Global Chairman of EY, explains why he's hopeful for a resolution in the audit dispute between the U.S. and China.
Alibaba Pictures, a film and TV production unit of Alibaba Group, said it had found possible irregular accounting ahead of the group's IPO. CNBC's Eunice Yoon reports.
If "Made in the USA" is really a national economic goal, then Congress needs to fix the problem here at home, says tax consultant Tim Larson.
NQ Mobile, a Chinese mobile software maker facing allegations of fraud, saw its shares fall after it dismissed its independent auditor.
New York Fed President William Dudley warned Puerto Rico about its growing debt load.
Consumers today are more likely to obtain goods and services via a subscription than through a purchase, and that's where Zuora comes in.
Hertz Global will restate its 2011 financial statements. Earlier CNBC indicated Hertz may restate its 2012 and 2013 financial statements, but CNBC's David Faber says that is not yet the case.
A regulator discovered deficiencies in 15 out of 53 Deloitte & Touche audits it examined, according to the Wall Street Journal.
A former chief risk officer for Deloitte & Touche agreed to settle civil charges on Tuesday alleging he violated rules governing auditor independence.
John Veihmeyer, KPMG Chairman & CEO, discusses the challenges ahead as businesses grapple with new regulations.
Ford CEO Alan Mulally says he is not overly concerned about a pullback in China's growth; regulators want more information from auditors about their views on a company, and fares could rise if some airlines merger, reports CNBC's Becky Quick.
Former KPMG auditor Scott London says he made about $70,000 in the insider trading scheme, and plans to plead guilty to securities fraud, reports CNBC's Jane Wells.
Former KPMG auditor Scott London plans to plead guilty to securities fraud, reports CNBC's Jane Wells.
Former KPMG senior partner Scott London has been charged with insider trading, and plans to plead guilty to the charge. CNBC's Courtney Reagan has the details.
Scott London spoke to CNBC's Jane Wells about the KPMG insider trading scheme and how much he made in kickbacks. London says "nothing like this has ever happened before."
The U.S. Attorney says Scott London will plead guilty to 1 count of securities fraud through insider trading, reports CNBC's Jane Wells.