Factbox: IRS’s rich history of scandals, political abuse
NEW YORK (Reuters) - A crisis engulfing the U.S. Internal Revenue Service over its scrutiny of conservative groups seeking tax-exempt status adds to a long history of scandal and abuse...
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U.S. companies’ overseas earnings hit record $1.9 trillion: study
NEW YORK (Reuters) - Large U.S. companies boosted their offshore earnings by 15 percent last year to a record $1.9 trillion, avoiding hefty tax bills by keeping the profits abroad,...
Analysis: Knives out for auditors as class actions go global
NEW YORK (Reuters) - Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have...
Ex-Grant Thornton partner charged with stealing $4 million
NEW YORK (Reuters) - A former partner at Grant Thornton was arrested on Wednesday on charges that he stole nearly $4 million in client payments meant for the global accounting...
Loophole used by MF Global targeted by U.S. accounting body
NEW YORK (Reuters) - The group that sets U.S. accounting standards proposed tightening an accounting rule that brokerage MF Global used to obscure its exposure to risky European sovereign debt...
Chinese companies retreat from U.S. listings as scrutiny mounts
NEW YORK (Reuters) - Chinese companies are deserting U.S. stock markets in record numbers as regulatory scrutiny mounts and the advantages of a U.S. listing slip away. U.S. government investigations...
Exclusive: SEC probes Ernst & Young over audit client lobbying
WASHINGTON/NEW YORK (Reuters) - The Securities and Exchange Commission is investigating whether auditing company Ernst & Young violated auditor rules by letting its lobbying unit perform work for several major...
Autonomy spurs questions on looming accounting overhaul
NEW YORK (Reuters) - The scandal at Autonomy, a UK software group bought last year by Hewlett-Packard Co, has some accountants wondering about the wisdom of new, global standards in...
Autonomy spurs questions on looming accounting overhaul
NEW YORK (Reuters) - The scandal at Autonomy, a UK software group bought last year by Hewlett-Packard Co, has some accountants wondering about the wisdom of new, global standards in...
U.S. multinationals fear fallout from U.S.- China audit row
SINGAPORE/NEW YORK (Reuters) - A dispute between U.S. and Chinese regulators over access to corporate audit documents is casting a lengthening shadow over U.S. stock markets, with some major U.S....