Bloomberg News

An investigation found significant flaws in accounting behind carbon credits from Zimbabwe-based Kariba.

Partners at the Ernst & Young in the U.K. saw their share of profits drop for the first time in three years as the Big Four face economic uncertainty.

Regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China.

The accounting firm will use artificial intelligence to consult on complex matters in tax, legal and human resources.

The telecommunications company replaced Deloitte as its auditor with KPMG International. The decision was questioned by shareholders.

The Council of Economic Advisers said a reduction in revenues from capital gains taxes has played a notable role in the widening deficit.

"These findings are damning," Jon Holt, CEO of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad."

For years, company leadership allegedly misrepresented and concealed key details about FTX's operations from investors, other employees and the customers who prosecutors claim had billions of dollars of their money stolen.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.