All accounting scandal articles

  • Blog post

    SFO brings charges in Tesco accounting scandal

    2016-09-13T15:45:00Z

    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 post

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

    2015-11-10T11:00:00Z

    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 post

    Toshiba Suing Ex-CFOs Over Accounting Scandal

    2015-11-09T12:15:00Z

    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 post

    Accounting Scandal Takes Down Toshiba’s Head Honcho

    2015-07-15T10:15:00Z

    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 post

    Ireland’s Regulatory Body Yet to Investigate Bloxham Accounting Practices

    2015-07-15T07:45:00Z

    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 ...