International accounting

Americanas sought bankruptcy protection after its shares tumbled 77% in one day and dollar bonds sank to 15 cents on the dollar following the reporting of the massive accounting hole.

The international network of audit, tax and advisory firms reached €2.45 billion ($2.6 billion) in total fee income.

In his first public comments about his involvement in an episode that wiped out billions of euros in shareholder value, Braun spoke of a "day of shock and pain."

Net zero pledges made by some of the world's largest corporations fall far short of the progress required.

The Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short-seller attack accusing his companies of accounting fraud.

The $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn't catch it at Americanas SA.

Twitter Inc.'s U.K. unit failed to report its 2021 corporate finances by a December deadline, the government's public registry said.

Crowe U.K. replaced the Big Four firm as the auditor of U.K. entities including Adani Energy Holdings after the Indian firm bought them in 2021.

A short-seller accused the the company of "brazen" market manipulation and accounting fraud.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.