All accounting scandal articles

  • Stocks

    Report: Trading activity by German regs spiked ahead of Wirecard collapse


    Staff members of Germany’s financial regulator, BaFin, were reportedly buying and selling Wirecard shares at a suspiciously higher rate leading up to the collapse of the FinTech firm.

  • Blog

    SFO brings charges in Tesco accounting scandal


    Tom Fox examines the Serious Fraud Office’s recent indictments against three individuals from the October 2014 Tesco scandal in which the British grocery chain overstated earnings by fraudulently accounting certain revenues received back from suppliers.

  • Blog

    U.K. SFO Drops Olympus Probe: Misleading Auditors Not a Crime


    The U.K. Serious Fraud Office has dropped a two-year case against Japanese endoscope maker Olympus Corp., in the wake of a London court ruling that doctoring reports to auditors is not a criminal offence under English law. The move is a setback for SFO Director David Green, who has been ...

  • Blog

    Toshiba Suing Ex-CFOs Over Accounting Scandal


    Toshiba is suing five former executives for negligence over false accounting practices that led to inflated profits by more than 170 billion yen ($1.2 billion). The Tokyo-based company is suing two former chief financial officers and three former presidents based on findings from an independent probe launched in September to ...

  • Blog

    Accounting Scandal Takes Down Toshiba’s Head Honcho


    Image: Hisao Tanaka, chief executive of Toshiba Corp., is expected to step down in September in light of accounting missteps at the Japanese conglomerate. The domino effect will continue as key board members are rumored to be leaving over the next few months. News reports indicate that top executives ...

  • Blog

    Ireland’s Regulatory Body Yet to Investigate Bloxham Accounting Practices


    Since 2012, now-defunct Bloxham Stockbrokers, Ireland’s oldest stockbroker, halted all trading activities amid a Central Bank investigation, which uncovered a €5.3 million gap in its accounts. Ireland’s regulatory body, the Chartered Accountants Regulatory Board, has yet to investigate the firm’s accounting practices. In May, the Central Bank banned the company’s ...