Accounting fraud

In its annual report to Congress, the SEC acknowledged that fiscal year 2016 was historic for fraud tipsters.

The U.K. Serious Fraud Office dropped its case against former Tesco Plc group commercial director Kevin Grace without charges, a sign the prosecutor may be getting close to ending its probe into accounting practices that caused the grocer to overstate its profit by as much as 326 million pounds ($407 million).

The Securities and Exchange Commission said Thursday that its enforcement director, Andrew J. Ceresney, plans to leave the SEC by the end of the year.

An Upstate New York woman has pleaded guilty to embezzling at least $3.1 million from agriculture giant Cargill Inc., the Justice Department announced.

Vinci SA fell victim to a fake release claiming the French builder had fired its finance chief amid accounting irregularities, prompting the stock to plunge before the company denied the report.

The International Federation of Accountants has sent a letter to Pope Francis on how the accounting profession can help him with the fight against financial fraud and corruption.

LexisNexis Risk Solutions is highlighting International Fraud Awareness Week with a new public awareness campaign.

Deloitte LLP and firm partner John Clennett got a record fine in the United Kingdom for misconduct after the U.K.’s accounting regulator said the audit and financial statements of Aero Inventory Plc fell short of acceptable standards.

No business professional thinks they’re an easy mark, yet fraudsters are making off with millions of dollars each year.

More than 125 institutional investors sued Tesco Plc, seeking in excess of 100 million pounds ($122 million) over the U.K. grocer’s 2014 profit overstatement.