Accounting

RECENT NEWS
The Hindu Business Line  Oct 1  Comment 
Britain's financial watchdog has launched a full investigation into the accounting scandal at Tesco, which wiped £3 billion ($4.9 billion) from the troubled British grocer's stock market value las...
The Hindu Business Line  Oct 1  Comment 
The recently reconstituted National Advisory Committee on Accounting Standards (NACAS) will hold its first meeting on October 11, its Chairman Amarjit Chopra has said. This meeting -...
New York Times  Sep 29  Comment 
The bank agreed to pay $7.65 million to settle federal charges that it violated record keeping and internal rules in overstating the capital cushion that regulators require the bank to hold.
Wall Street Journal  Sep 26  Comment 
L-3 Communications Holdings revealed more accounting problems and revisions to prior results as the company found material weaknesses in its internal financial controls.
Mondo Visione  Sep 25  Comment 
The Securities and Exchange Commission today sanctioned a Scottsdale, Ariz.-based software company for having inadequate internal accounting controls over its financial reporting, which resulted in misstated revenues in public filings. An SEC...
BBC News  Sep 25  Comment 
Investors want fundamental review.
Clusterstock  Sep 25  Comment 
LONDON (Reuters) - Executives from Tesco , the world's No. 3 retailer, could be grilled by a British parliamentary committee of lawmakers over its overstatement of profits, BBC radio reported on Thursday. Adrian Bailey, chairman of the...
Clusterstock  Sep 23  Comment 
By Tom Bergin LONDON (Reuters) - Tesco Plc's disclosure of huge accounting mistakes over contracts with its suppliers shocked industry analysts and executives, but not because they didn't realise the potential for disaster. On the contrary, they...
Bloomberg  Sep 23  Comment 
Tesco Plc said Alan Stewart will start today as chief financial officer after gaining his early release from Marks & Spencer Group Plc as the biggest U.K. grocer handles the fallout from overstating its profit guidance.
Wall Street Journal  Sep 22  Comment 
Tesco has suspended four senior executives and called in outside auditors and legal counsel to investigate the overstatement of the U.K. supermarket operator's profit forecast.




 
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