Corporate Finance Accounting
"We are fully complying with the SEC request for information and are confident our financial reporting meets all legal and accounting requirements," Exxon spokesman Alan Jeffers said. The SEC inquiry mirrors one started last year by New York Attorney General Eric Schneiderman, whom Exxon has accused of overreaching in a politically driven push against...
The SEC did not confirm or deny any ongoing investigation. The SEC inquiry mirrors one started last year by New York Attorney General Eric Schneiderman, whom Exxon has criticized for overreaching in a politically driven push against fossil fuel companies. Historically, investigations by New York's attorney general have prodded the SEC to act, including a...
Irving, Texas- based Exxon Mobil Corp. said, "We are fully complying with the SEC request for information and are confident our financial reporting meets all legal and accounting requirements." The SEC declined to comment. The Journal said that the SEC has been receiving documents that Exxon provided to the New York attorney general and that the SEC asked in...
Sept 20- Nu Skin Enterprises Inc said it had reached an agreement with the Securities and Exchange Commission to settle a probe into the skincare products maker's charitable contribution in China in 2013.. Nu Skin said it agreed to pay $765,688 to the SEC after the agency found the company's books and internal controls related to the donation were...
Sept 20- The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its reserves in the wake of low oil prices and potential curbs on carbon emissions, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The SEC did not confirm or deny any ongoing investigation. The SEC inquiry mirrors one started...
Sept 20- The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its assets in the wake of plunge in oil prices, the Wall Street Journal reported, citing people familiar with the matter. The news follows reports last week that New York Attorney General Eric Schneiderman was investigating the company's accounting practices.
Sept 20- The U.S. Securities and Exchange is investigating Exxon Mobil Corp on climate change and accounting practices, CNBC tweeted, citing Dow Jones. The regulator is also exploring how the company valued its assets in the wake of the oil price crash, according to the tweet. The news follows reports last week that the New York Attorney General Eric Schneiderman...
CNBC's Sue Herera reports that the SEC is investigating Exxon Mobil on climate change and accounting practices, according to Dow Jones.
The accounting firm will pay a fine of $9.3-million to settle charges that two former auditors got 'too close' to clients.
Accounting firm Ernst & Young will pay $9.3 million to settle charges that two of its former auditors got "too close to clients on a personal level."
The agency said the two former Ernst& Young partners also settled SEC charges that they lacked independence when auditing the clients' companies. Another partner and a client's chief accounting officer also settled SEC charges that they engaged in unprofessional conduct. All agreed to penalties and suspensions from doing any accounting work relating to...
Three former Ernst& Young partners and a client's former chief accounting officer also settled SEC charges, agreeing to various penalties and suspensions, the agency said. SEC investigations found that Gregory Bednar, a former senior partner on the audit team for a New York- based public company, had "maintained an improperly close friendship" with its chief...
Ernst & Young will pay $9.3 million to settle charges that two of its auditors got "too close to clients on a personal level."
WASHINGTON, Sept 19- Accounting firm Ernst& Young will pay $9.3 million to settle charges that two of its auditors got "too close to clients on a personal level" and broke rules aimed at ensuring reviews were objective and impartial, the U.S. Securities and Exchange Commission said on Monday. SEC investigations found that the senior partner on the audit team for a...
"SEC investigations found that the senior partner on an engagement team for the audit of a New York- based public company maintained an improperly close friendship with its chief financial officer, and a different partner serving on an engagement team for the audit of another public company was romantically involved with its chief accounting officer," the SEC...
Sept 16- New York Attorney General Eric Schneiderman is investigating Exxon Mobil Corp's accounting practices and why the oil major hasn't written down the value of its assets in the wake of a slump in oil prices, a person familiar with the matter said. "Our results are in accordance with the accounting and reporting standards of the SEC and FASB," an Exxon...
District Judge Gregory Woods in Manhattan on Thursday said the SEC may pursue all its claims against former Chief Financial Officer Edward DiMaria, and all but one claim against former Director of Accounting Matthew Gamsey. The SEC accused New York- based Bankrate, which reached a $15 million settlement last September, and the executives of using...
LONDON, Sept 9- Britain's Serious Fraud Office has charged three former senior Tesco executives with fraud in its investigation into accounting practices at the country's biggest supermarket chain. Carl Rogberg, Christopher Bush and John Scouler have been charged with one count of fraud by abuse of position and one count of false accounting, the SFO said in a...
LONDON, Sept 9- Britain's Serious Fraud Office has charged three former senior Tesco executives with fraud in its investigation into accounting practices at the country's biggest supermarket chain. Carl Rogberg, Christopher Bush and John Scouler have been charged with one count of fraud by abuse of position and one count of false accounting, the SFO said in a...
LONDON, Sept 9- Britain's Serious Fraud Office said it has charged three former senior Tesco executives with fraud in its investigation into accounting practices at the country's biggest grocer. Carl Rogberg, Christopher Bush and John Scouler have been charged with fraud by abuse of position, the SFO said in a statement on Friday. Bush, 50, was managing director...
