A US mortgage buyer is to pay a $50m settlement fine to the US Securities and
Exchange Commission following allegations that it manipulated earnings for three
The SEC said that Freddie Mac is also set to pay $800,000 in penalties for
improperly managed earnings between 1998 and 2002, Marketwatch.com
‘Freddie Mac’s departure from proper accounting practices was the result of a
corporate culture that sought stable earnings growth at any cost,’ said Linda
Thomsen, the SEC’s enforcement director, in a statement.
The company has neither denied nor admitted the allegations.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned