Nortel Networks Corp. controller Michael Gollogly was prepared to resign after he found out his boss had booked three accounting entries, without consultation, that had the effect of transforming a ...

Nortel Networks Corp. executives knew as early as the fall of 2002 that they were facing losses in the first half of 2003, but manipulated accounting reserves to ensure a profit in the period so they ...

The group downgraded its full-year expectations once again as the profit shortfall in the US is set to be greater-than-feared ...

A pair of former WorldCom executives pleaded not guilty Wednesday to charges they had a hand in hiding $3.8 billion US in expenses to artificially inflate the company's bottom line. At an arraignment ...

The Toronto branch of the RCMP’s Integrated Market Enforcement Team has charged three senior corporate executives of the former Betacom Corporation Inc. with accounting fraud. In a statement issued ...

IRVINE, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Omega Accounting Solutions is announcing two new executive appointments to support the expansion of corporate client offerings and underscore the ...

WorldCom's former director of general accounting was sentenced Tuesday to one year and a day in prison for his role in the $11-billion US fraud that left the telecom company bankrupt. Buford (Buddy) ...

“The Securities and Exchange Commission named William J. McDonough to head the new accounting oversight board, installing a veteran regulator with a reputation for integrity to shape up the battered ...