Topic: Audit

Chinese tech company avoids SEC penalty over alleged accounting breaches

The Beijing-based cloud services provider gave the SEC summaries of internal interviews with witnesses in China and turned over “certain key documents originally written in Chinese” during the US regulator’s investigation.

07 February 2024

US-listed Chinese delivery company investigates “suspicious practices”

Chinese on-demand retail and delivery company Dada Nexus is hiring external lawyers to investigate “suspicious practices” that may have caused the business to overstate its turnover in 2023.

10 January 2024

Mining group fires CEO following investigation into irregular payment

Endeavour Mining’s decision to fire its president and CEO Sébastien de Montessus for allegedly making irregular payment instructions comes amid a separate probe into his personal conduct.

05 January 2024

Braemar may have braved storm surrounding historic transactions

Featured in In-house

Nearly six months after Braemar suspended its shares while looking into a problematic payment from a decade ago, lawyers said the Scottish shipping company doesn’t appear to be bracing for an external investigation.

14 December 2023

FRC fines KPMG record £21m over Carillion audit failures

12 October 2023

The Role of Audit and Monitoring in Compliance

Featured in The Guide to Compliance - Second Edition

Internal audit and monitoring functions are important to an organisation’s ability to design and implement an effective compliance programme. Although each function has a distinct mandate, both contribute to the organisation’s ability to understand its compliance risks, tailor its compliance programme to those risks, and continually reassess and improve its internal controls to respond to an ever-changing compliance landscape. Ultimately, the presence, empowerment and performance of these functions contribute to sentencing and post-event outcomes.

12 October 2023

KPMG faces record fine over Carillion audit: Sky News

25 September 2023

SEC to prioritise ephemeral messaging and ESG misstatements, enforcement director says

Gurbir Grewal also provided more guidance as to how the securities regulator approaches noticing companies that they are facing a possible enforcement action.

22 September 2023

SFO hits four individuals with fraud charges over Patisserie Valerie collapse

The Serious Fraud Office has accused four individuals of cooking the books in connection with the collapse of UK bakery chain Patisserie Valerie.

13 September 2023

BaFin halts payments at Varengold over Iran concerns

Germany’s financial regulator has ordered Hamburg-based bank Varengold to stop processing certain transactions until its anti-money laundering systems meet legal requirements.

04 August 2023

Unlock unlimited access to all Global Investigations Review content