Accounting

Kraft, Execs To Pay Over $62m To Settle US Accounting Charges

The Kraft Heinz Company and two former executives have agreed to pay more than $62 million to settle charges they falsified supplier contracts to achieve c...

South Africa's Steinhoff Proposes $1bn Settlement To Solve Legal Disputes

South African retailer Steinhoff International said on Monday it had proposed a settlement worth up to around $1 billion (€850 million) to settle a st...

Steinhoff Posts $4bn Operating Loss For Fiscal 2017

South African retailer Steinhoff has reported a $4 billion operating loss in the 2017 fiscal year, in a much-delayed earnings report revealing the impact o...

Tesco Says New Accounting Standard Will Not Have Economic Impact

Tesco, Britain's biggest retailer, said on Friday a new accounting standard related to the treatment of leases, will change the way assets and liabilities...

Former Tesco Directors Cleared Of Fraud And False Accounting

Two former directors of Tesco have been acquitted of fraud and false accounting at Britain's biggest retailer after a 2014 profit overstatement at the reta...

UK Accounting Watchdog Probes Conviviality's Financial Audit

Britain's accounting watchdog is investigating KPMG's audit of drinks firm Conviviality's financial statements, weeks after highlighting an "unaccepta...

Steinhoff Shares Extend Record Plunge After CEO Quits Amid Probe

Steinhoff International Holdings extended Wednesday’s record plunge in Johannesburg in the wake of accounting irregularities that claimed the furnitu...

Poundland Parent Steinhoff Announces Investigation Into Accounting Irregularities

Steinhoff International, which owns the Poundland and Dealz chains, as well as a myriad of other household- and general-merchandise retail businesses, has...

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