Link: Sarbanes-Oxley report
Richard Scrushy, the charismatic founder of the company, has been accused of a $1.4bn (£900m) accounting fraud, after coming in for criticism last year for alleged corporate governance failures, according to reports.
Charges have also been laid against nine other former employees, under the Sarbanes-Oxley Act, for alleged accounting fraud costing billions of dollars and dating back 15 years.
To date, nine former employees have already pled guilt to fraud charges including three former chief financial officers
Scrushy, chairman and chief executive officer, denies any wrongdoing.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars