Accounting fraud

(Bloomberg) Michael Oxley, the former U.S. congressman who co-sponsored the landmark Sarbanes-Oxley Act has died, age 71.

(Bloomberg) It’s too early to tell whether Star Wars: The Force Awakens will become the biggest grossing film of all time, but the really interesting question is whether the movie will ever go into profit.

Akebono Brake Industry Co. has become the latest addition to a series of corporate scandals in Japan, cutting earnings forecasts and executive pay after confirming problematic accounting of sales to distributors.

The Securities and Exchange Commission suspended five accountants and two audit firms Thursday from practicing or appearing before the SEC after they violated rules designed to preserve the integrity of the financial reporting system.

Japan’s Securities and Exchange Surveillance Commission recommended fining Toshiba Corp. about 7.37 billion yen ($60 million) for falsifying earnings, the largest financial penalty ever sought by the watchdog.

Litigation against accounting firms appears to have subsided for now, according to one legal expert, but is showing signs of reviving as the Securities and Exchange Commission turns its attention back to accounting and audit enforcement cases.

A partner at a New York CPA firm has pleaded guilty to participating in a multimillion-dollar accounting fraud scheme.

Interim CEOs engage in considerably more earnings manipulation than their permanent successors, according to a new study.

My last column addressed the importance of controls when trying to get a client. But it is also important to retain the client. A good system that is not monitored is a sure way to not only lose the client, but be kept awake at night.

Ernst & Young LLP was found liable by a jury for its failure to vet financial audits backed by con man Bernie Madoff’s accountant in the first trial of an auditor over losses tied to the biggest Ponzi scheme in U.S. history.

Toshiba Corp. sued three former presidents as the maker of personal computers and power plants tries to recover from accounting irregularities that have led to profit write-downs of more than $1.2 billion over almost seven years.

As the assumptions underpinning Valeant's growth story quickly unravel, attention has quickly turned to the company's accounting and its deviation from standardized accounting measures.

The Securities and Exchange Commission has charged the St. Joe Company, a Watersound, Fla.-based real estate developer and landowner, its former top executives, and two former accounting department directors, with improperly accounting for the declining value of its residential real estate developments during the financial crisis.

Valeant Pharmaceuticals International Inc. shares slumped as Chief Executive Officer J. Michael Pearson’s defense of the drugmaker’s accounting and ethics failed to resonate with investors fretting about its relationship with a mail-order pharmacy.

The Securities and Exchange Commission reported Thursday on its enforcement results in fiscal year 2015, highlighting several cases involving accounting and auditing lapses.

A long time ago in a galaxy far, far away… there was more than likely fraud and payment errors in accounts payable processes within the Death Star.

The Anti-Fraud Collaboration introduced a free set of online self-study courses Tuesday for corporate ethics training that can provide continuing professional education credit.

Three former top executives of Dewey & LeBoeuf LLP avoided potential prison terms after a Manhattan jury failed to agree on whether they lied to investors in the run-up to the largest law-firm bankruptcy in history.

Ernst & Young LLP took Bernie Madoff at his word when it signed off on audits of a fund that helped feed the biggest Ponzi scheme in U.S. history.

The Financial Accounting Standards Board’s 2007 standard on accounting for uncertainty in income taxes, FASB Interpretation No. 48, or FIN 48, has helped discourage companies from using tax reserves to manage their quarterly earnings reports, according to a new study.