The IRS is doing less audits than it used to, but if you're wealthy your chances of being audited have more than doubled over the past 5 years, reports CNBC's Robert Frank.» Read More
Michael Andrew, Chairman at KPMG, discusses the issues that businesses face relating to regulatory issues in China.
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.
The FHA may have tried to hide the magnitude of potential losses in an future economic emergency, lawmakers say.
Greg Medcraft, Chairman of the International Organization of Securities Commissions, explains why the issue for financial systems is not about more regulation, but about appropriate regulation.
The former KPMG auditor will be charged for sharing inside information with his golfing buddy, reports CNBC's Jane Wells. London will plead guilty and could face up to five years in prison, all for $50,000 or less.
CNBC's Jane Wells reports the latest details on alleged insider trading charges against former KPMG employee Scott London
The "Squawk on the Street" crew discusses the resignation of a KPMG auditor for his role in leaking non-public data.
A top auditor for Herbalife and Skechers is under investigation for leaking non-public client information to a third party, reports CNBC's Kayla Tausche. CNBC's Herb Greenberg and Harvey Pitt, Former SEC Chairman, discuss.
CNBC's Kayla Tausche spoke with Skechers CFO Dave Weinberg, who said it had been disclosed that a senior audit partner had admitted to selling the company's nonpublic information. The auditor, Scott London, is cooperating with the Feds and no one else is under questioning.
According to a source, ousted KPMG partner Scott London was the auditor for Herbalife, reports CNBC's Kayla Tausche.
KPMG first learned last Friday that a senior partner in the firm's audit practice had leaked confidential information to a third party concerning Herbalife and Skechers, reports CNBC's Kayla Tausche. CNBC's Herb Greenberg, provides perspective.
CNBC's Brian Shactman and Herb Greenberg report on the underlying issues surrounding KPMG as Herbalife stock begins trading again.
CNBC's Kate Kelly takes a look at how Ackman's Pershing Square holdings are performing so far this quarter. And CNBC's David Faber reports on alleged insider trading by one of KPMG's former partners, with the "Squawk on the Street" news team.
CNBC's Scott Wapner fills in the details on the resignation of KPMG as Herbalife auditor; and CNBC's Kate Kelly reports why a short play may not be necessary on the stock. Also, an update on why Herbalife has stopped trading, with CNBC's Herb Greenberg.
CNBC has been told by a source that KPMG's resignation as auditor to Herbalife is unrelated to the battle over the stock between investors Bill Ackman and Carl Icahn.
"What is going on here?", asks CNBC's Jim Cramer, as the The "Squawk on the Streeet" new team await news on why Herbalife has stopped trading and the company's auditor, KPMG resigned. With CNBC's Herb Greenberg.
CNBCs Scott Wapner has the details on KPMG's resignation as auditor for Herbalife. (3:12)
New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
American International Group is investing billions of dollars in "big data" as part of its major focus on "rebuilding the foundation of the company," CEO Robert Benmosche told CNBC.