Accounting fraud

The Securities and Exchange Commission has charged the auditing firm Anton & Chia and several of its officials with fraud, accusing the Newport Beach, Calif.-based firm of conducting flawed audits and reviews of financial statements while violating securities laws.

Rio Tinto Group’s calamitous $3.7 billion coal deal in Mozambique keeps coming back to haunt the world’s second-biggest miner, three years after it unloaded the mine.

KPMG LLP said the head of its South African office and seven other senior executives quit after an internal investigation found that work done for the politically connected Gupta family fell “considerably short” of the auditing firm’s standards.

The former chief financial officer of American Realty Capital Partners Inc. was convicted of misleading investors by falsely inflating a key financial metric used to evaluate the performance of the real estate investment trust.

Proxy adviser Glass Lewis & Co. blasted Toshiba Corp.’s board for poor governance amid repeated scandals and recommended investors vote against all directors at the company’s shareholders meeting later this month.

A unit of Booz Allen Hamilton Holding Corp. is the focus of criminal and civil probes by the Justice Department related to how it billed the government for contracting work, the company disclosed in a filing.

The right ethical structure in the workplace is critical to deterring fraud, according to James Ratley of the Association of Certified Fraud Examiners.

The Securities and Exchange Commission has charged two former executives at the government contractor L3 Technologies with accounting-related violations.

The first step in any successful whistleblower claim for auditors and accountants is to determine eligibility.

The lawsuit alleges that the ‘notoriously greedy’ studio failed to report on the film’s profits.

The British grocery company agrees to a 214 million pound penalty to resolve regulatory probes.

The Public Company Accounting Oversight Board has sanctioned a former partner of PricewaterhouseCoopers Auditores Independentes in Brazil for audit failures involving Sara Lee Corporation.

The Securities and Exchange Commission has charged two former executives at iPayment, a Westlake Village, California-based credit card processing company, with overseeing a scheme to steal millions of dollars via bogus expense reimbursements, inflated invoices and various accounting maneuvers.

With as much as $3 billion on the line, Jon Corzine is trying again to explain away a spectacular blot on his business legacy.

Medbox founder agrees to disgorge $12M and banning

PricewaterhouseCoopers LLP is putting the blame on MF Global Holdings Ltd.’s former chairman Jon Corzine for the New York brokerage’s collapse in 2011.

Homex allegedly falsified sales of over 100,000 homes to inflate revenue for three years in a row.

PricewaterhouseCoopers LLP’s epic screw-up at the Oscars could carry a high cost if jurors arrive at a malpractice trial next week suspecting the global accounting firm is error-prone.

Natural-food supplier that began a probe of its accounting practices last year, fell as much 15 percent after saying the U.S. Securities and Exchange Commission has opened a formal investigation into the matter.

Ex-American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that has dragged out for almost a dozen years, the state’s top lawyer said.