Corporate Finance Accounting

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  • Alibaba confirms SEC probe

    Chinese e-commerce giant Alibaba confirmed the SEC is investigating its accounting practices, with Donn Vickrey, Pacific Square.

  • Greenberg: Alibaba's accounting doesn't make sense

    Herb Greenberg, Partner at Pacific Square Research, discusses the SEC's investigation into Alibaba. There are issues with the company's transparency, says Greenberg.

  • Alibaba faces US probe over accounting practices

    The Chinese e-commerce giant says it's under investigation by US regulators over a possible violation of federal securities laws.

  • May 25- Alibaba Group Holding Ltd said it was being investigated by the U.S. Securities and Exchange Commission over whether the Chinese e-commerce company's accounting practices violated any federal laws. The company has provided the SEC with information about its accounting for logistics unit Cainiao Network as well as operating data from its Singles'...

  • May 25- Alibaba Group Holding Ltd said it was being investigated by the U.S. Securities and Exchange Commission over whether the Chinese e-commerce company's accounting practices violated any federal laws. The company has provided the SEC with information about its accounting for its logistics unit, Cainiao Network, as well as operating data from its...

  • ack Ma, chairman and chief executive officer of e-commerce giant Alibaba Group Holding Ltd., speaks in front of a big screen at Alibaba's headquarters on November 11, 2014 in Hangzhou, Zhejiang province of China.

    The Alibaba Group is being investigated by securities regulators over its accounting practices, The New York Times reports.

  • *Follows $1.3 bln accounting scandal last year. TOKYO, May 23- Japan's Toshiba Corp plans to more than halve its capital base, a move that may enable it to resume paying dividends quicker and get a fresh capital injection as it aims to recover from a $1.3 billion accounting scandal last year. Toshiba will cut its capital to 200 billion yen from 439.9 billion yen to...

  • PWC receptionist told to wear heels, not flats

    A woman claims that she was told to go buy heels on her first day of work at the accounting firm.

  • In a statement, Homex said the SEC probe, shared in an April 25 notification, concerns its accounting practices around losses and gains from real estate sales from 2010 to 2012.. Homex said the SEC had sent similar notifications to some employees of the company, who would be taking a leave of absence in order to fully focus on responding to the probe.

  • BERLIN, April 29- Continental is targeting higher profit this year, expecting a pick-up in the automotive sector to help it to build on the stronger demand for tyres and industrial parts that pushed up first-quarter sales and earnings. Automotive business, accounting for about 60 percent of Continental's sales, could gain "notable momentum" over the course of...

  • April 28- A lawsuit accusing PricewaterhouseCoopers LLP of violating U.S. discrimination law by hiring a "stunningly low" number of people over the age of 40 to maintain a youthful culture has been filed in San Francisco. The lawsuit, filed on Wednesday in federal court, said the London- based accounting company does virtually all of its recruiting for...

  • April 22- Former Sprint Corp chief executive William Esrey and former chief operating officer Ronald LeMay sued the United States government for allegedly concealing its investigation into accounting firm Ernst& Young LLP's promotion of tax shelters sold to the executives, according to a lawsuit filed on Friday. The Internal Revenue Service in 2002...

  • *Westinghouse writedown to be around 200 bln yen. TOKYO, April 20- Japan's Toshiba Corp is preparing to write down the value of its stake in U.S. nuclear subsidiary Westinghouse by around 200 billion yen, sources familiar with the matter said on Wednesday. In another sign it was preparing to draw a line under the accounting scandal, a company committee met on...

  • "We are intensely focused on whether companies and their officers evaluate judgmental accounting issues in good faith and based on GAAP," or generally accepted accounting principles, Andrew Ceresney, head of the SEC enforcement division, said in a statement on Tuesday. Logitech's former Chief Executive Officer Gerald Quindlen was not accused of misconduct...

  • "We are intensely focused on whether companies and their officers evaluate judgmental accounting issues in good faith and based on GAAP," or generally accepted accounting principles, Andrew Ceresney, head of the SEC enforcement division, said in a statement on Tuesday. Logitech's former Chief Executive Officer Gerald Quindlen was not accused of misconduct...

  • April 14- SunEdison Inc said an independent audit committee had identified several issues in the company's cash accounting practices but found no "material misstatements" in its historical financial statements. SunEdison, which has more than $12 billion in debt, is widely expected to file for bankruptcy this week. The company's shares jumped about 43 percent...

  • SunEdison, which has more than $12 billion in debt, is widely expected to file for bankruptcy this week.

  • Billionaire William Ackman, whose Pershing Square Capital Management owns a 9 percent stake in Valeant, has joined the company's board. U.S. prosecutors in Massachusetts and Manhattan are probing Valeant's pricing and distribution channels, while the Securities and Exchange Commission is investigating its accounting and disclosure issues.

  • A Sharp Corp. logo is displayed on a door at the entrance to the company's plant in Yaita, Tochigi Prefecture, Japan, on Thursday, Nov. 19, 2015.

    Taiwan's Foxconn is set to sign a takeover deal for Japan's troubled Sharp with a smaller-than-planned bailout after repeated delays, two sources said.

  • WASHINGTON/ NEW YORK, March 21- A move by Valeant Pharmaceuticals International Inc to single out two former top executives over its accounting problems is likely a bid to win leniency with government agencies investigating the drugmaker, according to accounting and securities experts. Valeant on Monday said Chief Executive Michael Pearson was leaving the...