‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures June 1, 2022 By Huw Jones Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS...
SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator June 26, 2020 By Jan Strupczewski and Huw Jones The European Union is investigating Germany’s financial regulator over the collapse of payments company Wirecard in a rare move that...
Judge Rejects PwC Bid to Dismiss $1B Malpractice Suit Over MF Global Collapse August 8, 2016 By Jonathan Stempel A federal judge rejected PricewaterhouseCoopers’ bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for...
Kentucky Judge Hits Accounting Firm with $99M Fraud Judgment November 21, 2013 By Brett Barrouquere A large Chicago-based accounting firm has been hit with a $99 million judgment stemming from a fraud lawsuit brought by...
More U.S. Lawsuits Target Chinese Reverse Mergers July 26, 2011 By Jonathan Stempel Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble recouping...