Accounting fraud

Chinese authorities are ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

A former employee of U.K. tech mogul Mike Lynch's Autonomy Corp. told jurors at his U.S. criminal trial that she and one of her higher-ups were both fired after flagging concerns about accounting irregularities.

Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.

Mike Lynch's Autonomy Corp. used a number of accounting tricks to make its revenue growth appear better than it was, say prosectors.

The Chinese real estate company's revenue overstatement dwarfs that of Luckin Coffee Inc. and Enron Corp., dealing a blow to the reputation of its former auditor PricewaterhouseCoopers and the country's financial oversight.

It would cap a remarkable downfall for Mike Lynch if he's convicted of accounting fraud after he sold his startup Autonomy to Hewlett Packard for $11 billion.

The Public Company Accounting Oversight Board revoked the registration of Gries & Associates and its founder, while imposing a $65,000 fine for violations that led to multiple financial restatements.

Investors have filed a lawsuit against an accounting firm alleging it helped a client maintain a Ponzi scheme involving cash advances that led to the loss of millions of dollars.

The Securities and Exchange Board of India found that about 20 billion rupees may have been diverted from the entertainment company.

A Seoul court cleared Samsung Electronics Executive chairman Jay Y. Lee of all charges including stock-price manipulation and accounting fraud.

ADM shook the commodity world after it suspended CFO Vikram Luthar and cut its earnings outlook pending an outside counsel inquiry into its accounting practices.

Prosecutors sought a five-year prison sentence along with a fine on charges of stock-price rigging and accounting fraud.

Bribe payments by the oil-trading giant were facilitated by an accounting system that allowed employees to skirt internal controls.

The Korean internet and messaging powerhouse has hired a law firm to probe SM's books at the request of Kakao board's audit committee

The division of Archer-Daniels-Midland that's under investigation for its accounting practices is responsible for less than 10% of the crop giant's revenue. Yet it's had an outsized influence on recent executive bonuses.

Archer Daniels Midland stunned the agricultural trading and processing world with its bombshell that its CFO is on leave pending an investigation into accounting practices.

In the year since a $5 billion accounting fraud scandal erupted at his former company, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

Archer-Daniels-Midland suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices.

The residential landlord with thousands of properties across Germany has been under intense public scrutiny since October 2021.

When companies can accurately portray their financial health, it becomes easier for them to establish credibility, build relationships with stakeholders and access capital.