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.» Read More
Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young says in its latest Fraud Survey.
CNBC's Jackie DeAngelis reports Bryan Shaw plead guilty to receiving stock tips in the KPMG case, and President Obama is predicting the U.S. will become a net exporter of gas by 2020 according to the FT.
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.
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.
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.
Discussing the KPMG scandal, with CNBC's Jane Wells; Jared Bernstein, Center on Budget & Policy Priorities; and Robert Costa, National Review.
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.
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.
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.
Why would anyone even think of trying to illegally trade shares of a company under as much regulatory scrutiny as Herbalife?
Michael Andrew, Global Chairman, KPMG International sees an amicable resolution to U.S. and China regulatory issues. He states that China is making efforts to better its accounting standards.
Concern is growing about risks to U.S.-based multinationals in a country where American audit regulators are locked out by the Chinese government and bribery and fraud are routine.
The Libor scandal could cost Fannie & Freddie up to $3 billion. Rep. Barney Frank (D-MA) explains how and why he wants to change the way we prosecute those who commit financial crimes.
The scandal at Autonomy has some accountants wondering about the wisdom of new, global standards in the pipeline.
CNBC's Jon Fortt reports on Google's legal offshore tax shelters. Will the tax strategy hurt the brand? With Benjamin Schachter, Macquarie Securities, and David Callahan, Demos Public Policy Center.
How much will the fiscal cliff impact you, and how can you minimize damage to your finances? Here are questions financial advisers are sifting through with clients.
Right on the roster of companies that GMI believed to offer a disproportionate risk of something going very wrong in the near future – a so-called Black Swan event – was Hewlett-Packard's name.
U.S. regulators on Monday charged the Chinese arms of five top accounting firms with securities violations over their refusal to produce certain audit papers, raising questions about whether talks between the United States and China to resolve the issue have stalled.
Justin Lahart, Wall Street Journal reporter and CNBC's John Carney and Herb Greenberg discuss whether executives who have a great deal of trading success are incredibly lucky or are really breaking insider trading laws.
The ongoing tussle between Muddy Waters and Singapore commodities firm Olam International further heated up after the short-seller published a much-awaited 133-page report on Tuesday detailing “shocking” accounting gaffes at the trading firm, prompting Olam to respond with a 45-page rebuttal on Wednesday.