KPMG Fined Record Amount for Failures in Carillion Audit
The Financial Reporting Council (FRC) has imposed a record sanction of GBP21 million on KPMG, one of the Big Four accounting firms, for its failures in relation to the audit…
China Evergrande Shares Fall After Detention of Wealth-Management Staff
Shares of China Evergrande Group dropped after some staff members from its wealth-management unit were detained by police in southern China. The debt-laden developer's shares fell by as much as…
Cocaine Found in White House Lobby Raises Questions
Last week, a baggie of cocaine was discovered in a heavily trafficked lobby at the White House during a routine sweep by U.S. Secret Service agents. Despite a thorough analysis…