Ellen Milligan

Sweeping audit reforms are aimed at reining in the dominance of the big firms and cleaning up the industry following a string of high-profile scandals.

Administrators for NMC Health sued EY over claims of negligent auditing spanning six years.

The qualities that make cryptocurrencies attractive to criminals — some think they’re easier to hide and transfer than other assets — are challenging law enforcement.

The case accuses traders of earning vast sums of money from Denmark's tax authority by using a loophole on dividend payouts to reap duplicate tax refunds.

The U.K.’s tax watchdog seized three nonfungible tokens as part of a suspected case of value-added tax fraud worth $1.9 million.

The company alleged that Lynch and his CFO illegally bolstered revenue, including by disguising hardware sales and booking fake transactions.

The FRC filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees over their role in past audits of two companies.

KPMG U.K. Ltd. faces a 15 million pound ($21 million) fine after it committed “gross misconduct” over a conflict of interest when it advised bed manufacturer Silentnight and the private equity firm that bought it in 2011.

Top executives at companies hit by accounting scandals could lose their bonuses under U.K. proposals for beefed-up regulation after a wave of corporate collapses including Carillion Plc and travel firm Thomas Cook Group Plc.

His story reveals the far-reaching net that continues to entangle individuals and firms who were engaged in so-called Cum-Ex transactions, almost a decade after the dividend-tax practice ended.

A second hedge-fund trader was named by Danish prosecutors as a defendant in a dividend tax scheme they say defrauded the Nordic country out of 9.6 billion kroner ($1.6 billion).

Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a person familiar with the case.

The U.K. financial regulator is investigating 14 firms and six individuals over their roles in the tax scandal known as Cum-Ex, according to a person with direct knowledge of the cases.

German lawmakers have called it the greatest tax heist in history.