UPDATE 2-Muddy Waters report faults Olam accounting, warns on risks
Short-seller had warned last week on Olam accounting. * Olam shares extend losses in late trade, end 6 pct lower. * Olam says report's claims lack substance, defends its accounting (Adds details from Muddy Waters report, Olam's response). By Kevin Lim …
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US, China in Cold War Over Accounting Rules
“Only with access to work papers of foreign public accounting firms can the SEC test the quality of the underlying audits and protect investors from the dangers of accounting fraud,” SEC Enforcement Director Robert Khuzami said in a prepared statement.
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* Autonomy founder rejects HP accounting fraud allegations
Autonomy founder rejects HP accounting fraud allegations. SAN FRANCISCO/NEW YORK/LONDON, Nov 30 (Reuters) – For Leo Apotheker, the former Hewlett-Packard CEO, a July 2011 meeting with Autonomy founder Mike Lynch at a chic seaside resort in …
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