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KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.
By Sabah MeddingsMarch 4 -
The lack of help means current accountants' hours and workloads can be grueling, upping the odds of mistakes and burnout.
By Jo ConstantzMarch 1 -
A British hedge fund trader pleaded guilty to allegations he helped swindle Denmark out of about 8.4 billion kroner ($1.2 billion) in a massive Cum-Ex scandal that rocked the Nordic country.
By Sanne WassFebruary 29 -
Mayor Brandon Johnson's plan to increase taxes on real estate transactions of $1 million or more was dealt a major blow.
By Miranda DavisFebruary 26 -
One high point of the trial was the testimony of Oliver North, who said that in 2019 he pushed for an outside audit of the NRA's finances but longtime leader Wayne LaPierre refused.
By Ethan M SteinbergFebruary 26 -
Trump said that he would make sure that "tariffs on foreign countries go up" and that "taxes on American workers and families will come down very substantially."
By Stephanie LaiFebruary 26 -
The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.
By Erin SloweyFebruary 22 -
The Securities and Exchange Board of India found that about 20 billion rupees may have been diverted from the entertainment company.
By Anto Antony and Saikat DasFebruary 21 -
Schneider Electric will pay $80 million to acquire tax credits, which in turn will help fund four Engie North America projects that are slated to come online in Texas this year.
By Naureen S. MalikFebruary 20 -
Despite the recent pushback in the U.S., many companies — roughly 90% in a survey by KPMG — plan to dedicate more resources to ESG over the next three years.
By Lily MeierFebruary 16