Bloomberg News

"These findings are damning," Jon Holt, CEO of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad."

For years, company leadership allegedly misrepresented and concealed key details about FTX's operations from investors, other employees and the customers who prosecutors claim had billions of dollars of their money stolen.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.

The Biden administration has come under pressure to seize the funds outright, something Yellen has said would be illegal under current law.

The consultancy, created by former partners of the defunct Big Five firm, expects revenue to exceed $1.9 billion this year.

The managers of the bankrupt crypto exchange sued the parents of its co-founder and former CEO to "recover ... fraudulently transferred and misappropriated funds."

The new positions, which will be in more than 250 locations, will help ramp up compliance efforts against high-income earners, partnerships, large corporations, and promoters.

Hunter Biden sued the service, alleging that so-called IRS whistleblowers illegally disclosed information about his taxes.

Britain's accountants, auditors and advisers are clinging to their jobs, nervous that their negotiating power has sharply dropped.

So far, crypto hasn't moved the needle for the state's treasury, which is already restricted by the absence of corporate income tax.

Pav Gill is setting up Confide, catering to companies that want to boost their corporate governance.

More than 3 million workers would be newly eligible for overtime when they work more than 40 hours a week, under a new proposal.

Corn farmers and biofuel producers are poised to gain from turning ethanol into sustainable jet fuel — depending on how Washington writes the tax policy.

New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.

Corporations relying on carbon credits to support their green claims now face "robust and credible" proof that the vast majority of such securities aren't fit for purpose.

Profits at the U.K. arm of the Big Four firm declined to £1.3 billion in the year to June 2023, from £1.5 billion in 2022

The move may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.

A bipartisan group of four U.S. senators wants the IRS and Treasury Department to investigate whether nonprofit hospitals are abusing their tax-exempt status.