Big Four rapped for auditing errors
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THE Big Four accounting firms - Ernst &amp; Young, PricewaterhouseCoopers, KPMG and Deloitte - made repeated mistakes in their auditing of US companies, a new watchdog has reported.
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Security services face criticism as four convicted of failed attacks.
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Four big banks face a U.S. Securities and Exchange Commission probe of their auction-rate bond operations, a securities filing shows.
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In an effort to shore up confidence in newspaper circulation reporting, an industry group is moving to tighten controls and hire more auditing staff in the wake of misstatement scandals at four newspapers this year.
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Misdeeds and errors in judgment came back to haunt several big companies, leading to the departures of several senior officers.
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Washington (Dec. 1, 2004) - Thanks to some fast footwork by regulators at the Securities and Exchange Commission and the Public Company Accounting Oversight Board, accounting firms and many of their smaller
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The investigation at the CSK Auto Corporation found errors and irregularities that affected several inventory and expense accounts.
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The Big Four accounting firms wrongly  let some corporate clients understate liabilities and distort  their financial health in their 2003 accounts, the regulatory  body for auditors said in a report on Thursday.
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The four biggest accounting firms misapplied some standards and failed to properly maintain records of some audits, the new US auditing regulator said today in its first inspection reports.
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Tens of millions of pounds have been overpaid through benefit errors or fraud, according to a new report.
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Accounting flaws at the insurance giant that understated the companyâs losses raised new questions about the deteriorating health of financial companies.
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Most punishment from the recent wave of business scandals has fallen on corporate executives and in some cases accountants and other professionals who advised them.
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KPMG LLP yesterday agreed to pay $10 million to settle Securities and Exchange Commission charges that the firm and four accountants engaged in improper professional conduct, leading to repeated audit failures at client Gemstar-TV Guide International Inc.
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Officials find misconduct at three of China's big banks, the country's auditor general says.
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This year the leaders of some of the worldâs most respected financial institutions have been caught either unaware or uninformed about giant risks their companies took.
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Auditor KPMG says it isn't ready. Struggling IT services giant is also probing its bonus plan.
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Vulnerable areas of CPA funds spark questioning