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SEC Ends Standoff With Big 4 China Affiliates
The SEC has settled its action against Big 4 affiliates in China that had stymied investigations into possible accounting fraud by refusing to hand over audit work papers. The SEC fined each of the Big 4 affiliates $500,000 while acknowledging that the firms eventually began providing documents.
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ArticleFormer U.S. clothing business CEO faces 25 years for bribery in Honduras
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
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News BriefFTC orders AI firms to disclose safeguards for children and teens
AI chatbots are increasingly used by children and teens, prompting the FTC to order seven AI companies to explain how they monitor potential harms to minors.