Accounting fraud

The embattled National Rifle Association reported some good news this year: Revenue from membership dues jumped 33 percent last year to $170 million. But that picture may not be as rosy as those numbers suggest.

This is the latest case of a Big Four firm being sanctioned for its accounting shortcomings.

Tongaat Hulett Ltd. said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended.

Steinhoff International Holdings NV is seeking more than 850 million rand ($59 million) from former Chief Executive Officer Markus Jooste for his role in the accounting crisis that triggered the retailer’s near-collapse.

PricewaterhouseCoopers was fined 4.55 million pounds by the U.K.’s accounting watchdog over failings in its handling of technology firm Redcentric.

The Securities and Exchange Commission has added fraud charges to its previous charges against Longfin Corp., a defunct company that used to promote cryptocurrency and went public under dubious circumstances.

Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results, according to a new academic study.

Former Hewlett-Packard Co. head Meg Whitman was accused of "trashing" the reputation of Autonomy founder Mike Lynch without understanding whether fraud had been committed at the firm he sold for $11 billion.

One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated.

The global retailer at the center of South Africa’s biggest corporate scandal cut the value of its assets because of accounting irregularities.

Less than two months after leaving prison, the former Enron CEO settled a lawsuit claiming he helped defraud a Canadian investment firm.

Steinhoff International Holdings NV pushed back the dates for the publication of audited earnings for 2017 and 2018 after the findings of a forensic probe by PwC made the process more time consuming and complex.

The rental car company is demanding that ex-CEO Mark Frissora and other former senior managers return incentives they received.

CEO Markus Braun tried to put fraud allegations behind him as questions persisted after an external probe failed to resolve issues from potential criminal behavior.

Wirecard AG surged the most in more than a decade after saying irregularities found in an external investigation into fraud allegations in Asia weren’t material.

Faced with a U.S. indictment, the British tech leader had a simple choice: Focus on the criminal trial—with a possible sentence of 20 years in prison—or fight a civil lawsuit first over accounting fraud.

The retailer's former chief financial officer is working with authorities as they investigate questionable transactions.

Steinhoff International Holdings NV identified eight people, including former Chief Executive Officer Markus Jooste, as those allegedly behind questionable transactions that brought the global retailer to near-collapse.

For 20 years, the global retailer thrived off deal-making. Now, some of those transactions are back in the spotlight, and not in a good way.

Christo Wiese says the retailer’s overview of a forensic probe into the company’s accounting irregularities supports his claim against the company.