Accounting & Auditing

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KPMG

Three KPMG firms disciplined in $7.7M enforcement sweep

2022-12-07T14:55:00+00:00By

The Public Company Accounting Oversight Board announced $7.7 million in total penalties against three separate KPMG firms and four individuals for varying violations of audit standards and ethical rules.

Mastercard

Five compliance triumphs from 2022

2022-12-07T13:00:00+00:00By

Positive contributions in the areas of ESG, AI responsibility, and setting standards regarding CCO liability highlight the latest installment of CW’s annual list of laudable ethics and compliance moments.

Avaya

Avaya discloses ICFR weaknesses linked to whistleblower logs

2022-12-02T18:23:00+00:00By

Avaya Holdings disclosed its assessment of internal control over financial reporting in its fiscal year 2021 annual report can’t be relied upon, along with acknowledging weaknesses in its ethics and compliance program.

DOJ building

Ex-Iconix CEO found guilty of accounting fraud

2022-11-29T20:11:00+00:00By

Neil Cole, the former CEO of Iconix Brand Group, faces possible jail time after his conviction of fraudulently inflating the brand management company’s revenue and misleading investors and auditors.

Unisys

Unisys: Probe identified ‘material weaknesses’ in disclosure controls

2022-11-22T20:47:00+00:00By

IT services company Unisys Corp. revealed the discovery of faults in its internal control over financial reporting, including involving its compliance functions, following an internal investigation it first disclosed earlier this month.

NFT

Navigating using NFTs in business applications

2022-11-16T16:33:00+00:00By

Non-fungible tokens can take many forms. There are potential business applications already in use, and many more are being developed as technology evolves.

DOJ wall

Ex-CEO at NS8 imprisoned 5 years, to forfeit $17.5M for fabricating revenue

2022-11-04T18:28:00+00:00By

The co-founder of NS8, a cyber-fraud prevention company, was sentenced to five years in prison and ordered to forfeit $17.5 million for defrauding investors of more than $100 million, the Department of Justice announced.

SEC office

SEC orders Koppers Holdings to pay $1.3M for disclosure failures

2022-11-01T16:35:00+00:00By

Koppers will pay $1.3 million to the Securities and Exchange Commission to settle allegations it failed to disclose material information about its debt in fiscal year 2019.