Accounting & Tax
Former KPMG Partner Gets Jail Time for Insider Trading
Former KPMG LLP senior partner Scott London, who had provided tips to a friend about the accounting firm's clients, was sentenced to 14 months in prison on an insider trading charge by a federal ...
MLP Analysis: Risks Rise for Investors As Energy Partnership World Gets Crowded
High-yielding energy partnerships have lured billions in capital from investors in the past few years and the returns have often matched or beaten expectations. But as riskier kinds of businesses ...JPMorgan Releases Funds to Russian Insurer After Russia Protest, U.S. Approval
JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. "Following ...
IRS Expects ‘Glitches’ with FATCA Tax Law on Offshore Accounts
A new U.S. anti-tax evasion law, set to take effect on July 1, will encounter "inevitable glitches," said the head of the U.S. Internal Revenue Service on Monday, adding that the IRS will be ...
U.S. Accounting Regulator Says Auditor Marketing Practices Deceptive
A top U.S. audit regulator is sounding the alarm over what she fears may be a false stamp of approval that some accounting firms are using as they market themselves to potential clients. A growing ...
New York Grabs ‘Shaky’ Lead Over London As Top Financial Center
New York replaced London as the world's leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.'s place in the European Union. New ...
Top Execs of Failed Dewey Law Firm Charged with Fraud
Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a "blatant" $200 million fraud that spurred the largest law firm ...
Republican Plan Includes Asset Tax for Largest Insurers, Banks
The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress's top Republican ...