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The Chinese real estate company's revenue overstatement dwarfs that of Luckin Coffee Inc. and Enron Corp., dealing a blow to the reputation of its former auditor PricewaterhouseCoopers and the country's financial oversight.
By Bloomberg NewsMarch 19 -
A British hedge fund trader said in court that he and his team did nothing illegal when receiving more than $1.3 billion\ in dividend tax refunds.
By Sanne WassMarch 19 -
Big Four firm Deloitte is looking to overhaul its structure to cut costs ahead of a market slowdown, according to the Financial Times.
By Irina AnghelMarch 18 -
It would cap a remarkable downfall for Mike Lynch if he's convicted of accounting fraud after he sold his startup Autonomy to Hewlett Packard for $11 billion.
By Rachel GrafMarch 18 -
The firm will make 329 roles redundant, while as many as 37 partners will be accelerating their retirement over the next nine months.
By Harry BrumptonMarch 13 -
The stock rose as much as 22% in Madrid on Friday after Spanish plasma maker published its annual consolidated accounts with an unqualified opinion from KPMG.
By Rodrigo OrihuelaMarch 8 -
The additional tax revenue raised would go toward services for the city's homeless population.
By Miranda DavisMarch 7 -
The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.
By Simon Casey and Gerson Freitas Jr.March 4 -
KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.
By Sabah MeddingsMarch 4 -
The lack of help means current accountants' hours and workloads can be grueling, upping the odds of mistakes and burnout.
By Jo ConstantzMarch 1