All Fraud articles – Page 4
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Article
Distilling compliance lessons from Novartis
Ethics and compliance officers in the pharmaceutical industry can learn a lot from the troubles of Novartis, which faced a firestorm of criticism from shareholders at its last annual meeting.
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Blog
PCAOB censures former engagement partner over Koss audits
The PCAOB has censured the partner who oversaw audits at Koss, where a top finance executive went prison on charges of embezzling more than $30 million.
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Blog
SFO to seek retrial of three former Tesco managers
The U.K. Serious Fraud Office is seeking a retrial of three former senior managers of retail company Tesco, who are facing fraud and false accounting charges.
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Blog
Deloitte settles claims tied to mortgage lender collapse
Deloitte will pay $149.5 million to settle claims with the Justice Department over its audit work at Taylor, Bean & Whitaker, a mortgage lender that collapsed in 2009.
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ArticleFraud, conspiracy charges pile on audit committee task list
Charges of fraud and conspiracy have rocked the audit profession and raised concerns about the regulatory process, leaving audit committees with more questions to ask auditors.
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Article
PCAOB ponders plateau, calls on firms to dig deeper
With PCAOB inspection results hitting a plateau, how can auditors be held accountable for better audit quality? Amid allegations of fraud and conspiracy, is culture a factor?
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Blog
Amid fraud, conspiracy charges, should inspection results be restated?
Former KPMG leaders gamed up to two years of inspection results, federal authorities say, but no one will discuss whether those results can or should be corrected.
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Blog
DOJ charges fraud, conspiracy over PCAOB inspection leaks
The Department of Justice and the SEC are bringing charges including fraud and conspiracy against former KPMG and PCAOB staff over a leak that compromised inspections.
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Article
Recent findings raise fresh questions over auditors and fraud
Recent findings against PwC illuminate audit failures that the PCAOB has been harping on for years, although its ultimate weight on auditors' duty to find fraud is not yet clear.
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Blog
Barclays forex trader charged in 'front-running' scheme
The Department of Justice has charged the former head of Barclays Capital’s New York foreign exchange trading operation in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.”
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Blog
Unsealed letter: Uber engaged in fraud, theft, espionage, more
Uber’s former manager of global intelligence, Richard Jacobs, claims to have observed a laundry list of illegal activities at Uber, including fraud, theft, espionage, and more.
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Blog
Auditors get guidance on altering audit report
Auditors have some new guidance from the PCAOB about how to begin revising their audit reports to reflect new requirements that take effect this year-end.
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Blog
SEC halts initial coin offering, calling it fraud
Companies can expect no new guidance from the SEC anytime soon on digital currencies, but they can expect its enforcement arm to act if it sees indications of fraud.
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Blog
What does ‘Made in Japan’ stand for now?
Mitsubishi Materials knew for months one of its subsidiaries was shipping low-quality products, giving the phrase ‘Made in Japan’ a whole new meaning.
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Blog
Insider trading, GAAP, and Newegg
Title: Insider trading, GAAP, and NewIn case you missed it this week, despite reminders from the SEC, T-Mobile releases non-GAAP data; the CEO of a German stock exchange operator resigns; and Newegg faces charges of co-conspiracy.
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Blog
SEC charges Rio Tinto with fraud
The Securities and Exchange Commission this week charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million.
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Article
Auditors tasked to study revenue readiness at year-end
Auditors are under clear orders from their regulators to show no mercy in their assessment of corporate transition to the new revenue recognition rules.
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Blog
Harvey Weinstein, Obamacare, and Google
Title: Harvey Weinstein, Obamacare, aThis week, the scope of corruption surrounding Harvey Weinstein is growing bigger by the day, Google hands over evidence of Russia-linked ads on their sites, and President Trump makes moves to raise “repeal and replace Obamacare” back from the dead.
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Blog
PCAOB alerts auditors to scrutinize revenue recognition
The PCAOB is putting auditors on notice to take a careful look at the work companies have done to implement the new revenue recognition standard.
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Article
How corruption in sports spills into compliance
The NCAA fraud and corruption scheme that has resulted in federal criminal charges against 10 individuals offers numerous lessons for the corporate compliance world at large.