All investigation articles

  • SeniorMgmt

    SAExploration ousts senior leadership amid SEC probe


    SAExploration Holdings announced the SEC has launched an investigation into areas of its accounting from 2015-16. The company also disclosed a significant reshuffling of its senior leadership team.

  • Blog

    Kraft Heinz discloses probe, takes $15.4B impairment charge


    Following a string of accounting and reporting problems, Kraft Heinz Co. disclosed it is under investigation by the SEC and reported a $15.4 billion impairment charge.

  • Blog

    GE audit committee considers replacing KPMG as auditor


    GE’s audit committee has initiated a tender process to consider replacing KPMG as its external auditor.

  • Blog

    MiMedx makes leadership changes amid accounting probe


    MiMedx Group, a developer and marketer of regenerative and therapeutic biologics, has appointed Mark Graves as chief compliance officer. The company also is conducting a formal search to fill the newly established positions of chief accounting officer and internal auditor, amid an ongoing investigation into accounting violations.

  • Blog

    Using investigative findings as the basis of remediation


    There is nothing like an internal whistleblower report about an FCPA violation to trigger the board of directors and senior management attention to the compliance function and the compliance program.

  • Blog

    ‘CAE Checkup’ evaluates effectiveness of AI-based audit investigations


    QuantaVerse has launched a new service, CAE (Chief Audit Executive) Checkup, that enables companies and financial institutions to evaluate the effectiveness of an artificial intelligence (AI)-based approach to audit investigations.

  • Blog

    SFO investigating Rio Tinto


    The U.K. Serious Fraud Office confirmed this week it has opened an investigation into suspected corruption by mining company Rio Tinto.

  • MagnifyingGlassOnMoney

    FRC announces investigations into KPMG and PwC


    The U.K. Financial Reporting Council, an independent investigative body that monitors and enforces accounting standards, is looking into audits made of financial services companies in the days preceding the global financial crisis of 2008-2009, starting with a delve into the work of two key accountancy firms—KPMG and PwC. Paul Hodgson ...