Accounting Board Finds Violations
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Initial reviews of the nation&#39;s largest accounting firms have turned up numerous rule violations and shoddy recordkeeping practices, as regulators embarked on a new effort to regularly examine auditors&#39; work.
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Computer Sciences Corp. has uncovered mistakes in its accounting for tax liabilities in fiscal years 2000 through 2006.
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Fourteen firms are under scrutiny for possible accounting fraud, insider trading or other violations tied to loans made to borrowers with weak, or subprime, credit.
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US regulators are set to investigate possible violations of the Sarbanes-Oxley legislation on accounting and corporate governance by Fannie Mae&#39;s former senior management.
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Cardinal Health Inc. CAH.N, which  has been the subject of a federal accounting investigation, on  Friday said it has taken disciplinary action against certain  employees following an internal accounting probe and said its  controller has resigned.
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The Internal Revenue Service is taking another look at its pay system for managers after complaints by managers and a critical inspector general's report.
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Regulators have discovered serious accounting problems at mortgage giant Fannie Mae, prompting an inquiry by the Securities and Exchange Commission and calling into question its
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Accounting industry overseers gave audit firms more flexibility in the way they review clients' financial risks yesterday, bowing to criticism that their initial rule imposed too many costs and burdens.
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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 Big Four accounting firms, misinterpreting a nine-year old rule, wrongly let corporate clients understate liabilities and distort their financial health, the regulatory
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The watchdog set up to keep auditors in line after scandals at firms such as Enron finds "significant issues" in its first inspection.
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The Big Four accounting firms, misinterpreting a nine-year old rule, wrongly let corporate clients understate liabilities and distort their financial health, the regulatory body for auditors said in a report on Thursday.
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A state regulatory board yesterday handed a five-year suspension to a Lawrence funeral director accused of unprofessional conduct and deceptive practices, including one case where he refused to complete funeral arrangements for a client because she had purchased a lower-priced casket elsewhere.
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One of the biggest US accounting firms has disclosed voluntarily a possible violation of conflict-of-interest rules. KPMG, one of the four largest US accounting firms, said
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The company is wrestling with its third scandal in just over a year, raising questions about whether board members were doing an adequate job.
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Accounting problems at Fannie Mae, the giant mortgage company, have prompted an investigation by the Securities and Exchange Commission.
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Four Canadian mutual fund firms have found themselves on the hot seat with the Ontario Securities Commission after an investigation into alleged trading violations in the industry.