Bloomberg News

The measure would have allowed the city council to increase transfer levies on upmarket residential and commercial property sales.

Grifols SA shares dropped as investors evaluated a regulatory review of the Spanish bio-science company's financial reports, which found "relevant deficiencies" but no major accounting mistakes.

Chinese authorities are ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

A congressional hearing with the Treasury secretary presaged a partisan battle over sweeping reductions set to expire at the end of next year.

A former employee of U.K. tech mogul Mike Lynch's Autonomy Corp. told jurors at his U.S. criminal trial that she and one of her higher-ups were both fired after flagging concerns about accounting irregularities.

Mike Lynch's Autonomy Corp. used a number of accounting tricks to make its revenue growth appear better than it was, say prosectors.

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.

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.

Big Four firm Deloitte is looking to overhaul its structure to cut costs ahead of a market slowdown, according to the Financial Times.

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.

The firm will make 329 roles redundant, while as many as 37 partners will be accelerating their retirement over the next nine months.

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.

The additional tax revenue raised would go toward services for the city's homeless population.

The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.

KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.

The lack of help means current accountants' hours and workloads can be grueling, upping the odds of mistakes and burnout.

A British hedge fund trader pleaded guilty to allegations he helped swindle Denmark out of about 8.4 billion kroner ($1.2 billion) in a massive Cum-Ex scandal that rocked the Nordic country.

Mayor Brandon Johnson's plan to increase taxes on real estate transactions of $1 million or more was dealt a major blow.

One high point of the trial was the testimony of Oliver North, who said that in 2019 he pushed for an outside audit of the NRA's finances but longtime leader Wayne LaPierre refused.

Trump said that he would make sure that "tariffs on foreign countries go up" and that "taxes on American workers and families will come down very substantially."