Accounting fraud

Steinhoff International Holdings NV plans to dig deeper into the accounting misdeeds that brought the retailing giant to its knees as it seeks to get to the bottom of some $7.4 billion in fictitious or improper deals.

Olympus Corp. lost a U.K. lawsuit that tried to block the pension of former head Michael Woodford after he blew the whistle on an alleged $1.7 billion accounting fraud and 13-year cover-up at the firm.

The bakery chain was rescued by an Irish private-equity firm after an accounting scandal pushed the U.K. cake baker into insolvency.

Milan prosecutors say former executives at BT Group were aware its Italian unit hid losses and inflated revenue by producing fictitious invoices.

A new survey finds 10 percent of controllers feel misrepresenting their company's performance is a regular part of their job.

The German online payments firm Wirecard AG has seen its stock plunge by more than a third in recent days on reports of accounting misdeeds.

In his 17 years as chief executive officer of Germany’s Wirecard AG, Markus Braun has gained plenty of experience fighting off skeptics and critics.

The grocer's former chief financial officer was acquitted of fraud charges, drawing into question the prosecutor’s methods.

The Securities and Exchange Commission has imposed a civil penalty on the car rental giant for misstating pretax income.

The auditor that shed clients and staff hopes to reestablish its business in the country.

Businesses are tweaking their cash flow and accruals to lower their interest rates on borrowing.

The news comes exactly a year after the disclosure of accounting irregularities and the resignation of its CEO threw the company into crisis.

The 2014 scandal prompted a boardroom house-cleaning and an overhaul of the U.K. grocer’s supplier relations.

Michael Lynch, the former chief executive officer of Autonomy Corp., stepped down Friday as an adviser to U.K. Prime Minister Theresa May after he was charged with fraud by the U.S.

The commodity-trading firm is being investigated by three Singaporean agencies more than three years after a whistle-blower questioned the company’s accounting.

The Nissan chairman was arrested in Japan for alleged financial violations and faces removal from his job.

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.

The retailer provided South African officers with information about transactions involving more former executives who may have contributed to its accounting crisis.

A study suggests that a background in audit can be a double-edged sword in the C-suite.

About one-quarter of perpetrators of financial reporting misconduct experience a net benefit, even after getting caught.