Lastest Accounting News

December 7, 2012 by

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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Accounting Impropriety at Autonomy Leads To $8.8B Charge at HP

November 25, 2012 by

Accounting Impropriety at Autonomy Leads To .8B Charge at HP
Accounting Impropriety at Autonomy Leads To $ 8.8B Charge at H-P. Advertisement. Details. Description. FBN's Diane Macedo breaks down the stories moving the markets ahead of the trading day. Duration 4:52; Date Nov 20, 2012. Advertisement. Clips …
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Stanford Accountants Helped Hide Ponzi Scheme, US Argues
Two former accounting executives at Stanford Financial Group Co. should be convicted of helping Texas financier R. Allen Stanford conceal the theft of billions of dollars from investors at his offshore bank, U.S. prosecutors told a Houston jury …
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Ebix Accounting Practices Said to Be Probed by SEC
Ebix Inc. (EBIX), the insurance software company that said it was targeted by short sellers last year, is being investigated by the U.S. Securities and Exchange Commission for its accounting practices, four people with direct knowledge of the probe said.
Read more on Bloomberg

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