A FORMER KPMG AUDIT PARTNER has been handed a 14-month jail term for insider trading by a federal judge in Los Angeles, Reuters reports.
Scott London leaked information relating to the audits of LA Galaxy sponsor and nutritionist Herbalife, and shoe-maker Skechers.
The Big Four firm was forced to drop its audits with both businesses amid an FBI investigation into the allegations.
London, who had been with the firm for 30 years, exchanged cash and jewellery with a golfing buddy, Bryan Shaw, for the information he obtained in his role as auditor.
Last year Shaw allowed FBI agents to record calls with London by wearing a recording device as part of a plea bargain, while London later admitted wrongdoing.
In addition to his sentence, judge George Wu also ordered London to pay a $100,000 fine.
Three tax advisers have been arrested as part of a HMRC investigation into a suspected £132m tax fraud.
Grant Thornton has appointed Andy Morgan as its new head of corporate finance advisory, replacing Ali Sharifi
Jane Ellison to serve as 'tax minister' following ministerial responsibilities for public health. David Gauke become chief secretary to the Treasury
A record number of ACA students have passed the latest ICAEW exams in which 5,491 students sat the professional level exams