Topic
Accounting
25 assessed claims about accounting involving 14 organizations. The labels compare each claim with the record. They do not rate the organizations.
- Supported13
- Partly supported4
- Contradicted2
- Outdated1
- Unresolved3
- Unverifiable1
- Opinion1
- Unresolved59Thousands of Wirecard investors claimed in a KapMuG model case that EY is liable to them for its unqualified audit certificates for fiscal years 2014 to 2018.Ernst & Young GmbH WirtschaftsprüfungsgesellschaftOfficial report, 28 February 20254 records citedAccounting
- Partly supported60Super Micro said in December 2024 that an independent special committee review found no evidence of fraud or misconduct by management or the board.
- Supported84Super Micro disclosed that Ernst and Young resigned as its auditor on 24 October 2024, saying it was unwilling to be associated with management's financial statements.
- Supported83Chinese regulators said in September 2024 that PwC Zhong Tian had to a certain extent covered up and even condoned Evergrande's financial fraud in its Hengda audits.
- Unresolved53The August 2024 Hindenburg report said a 2024 lawsuit alleged Super Micro restarted improper revenue recognition three months after its earlier SEC settlement.
- Supported89The CSRC said Hengda Real Estate inflated revenue and profit in 2019 and 2020 by recognising income early, making its bond issues fraudulent and its annual reports false.
- Partly supported80A January 2024 Gotham City Research report, as reported by Bloomberg and Investing.com, said Grifols artificially reduced its reported debt ratio, in part by consolidating BPC Plasma and Haema, units it had sold in 2018.
- Supported94The Financial Reporting Council said in October 2023 that KPMG failed to gather sufficient appropriate audit evidence in its audits of Carillion's 2014 to 2016 financial statements.
- Supported61A German court convicted two former managing directors of a Steinhoff subsidiary over false balance sheet presentation.
- Supported77Reports in April 2023 said the German audit oversight body APAS found professional duty violations in EY's Wirecard audits and barred it for two years from new listed audit clients.Ernst & Young GmbH WirtschaftsprüfungsgesellschaftPress report, 3 April 20235 records citedAccounting
- Contradicted84Wirecard said on 22 April 2020 that the KPMG special review had found no evidence for the public allegations of balance sheet manipulation.
- Supported80An anonymous short seller report in early 2020 alleged that Luckin Coffee inflated its sales.
- Partly supported61Infosys said in January 2020 that its investigation found the whistleblower allegations substantially without merit and found no evidence of financial impropriety or executive misconduct.
- Supported88Muddy Waters alleged in December 2019 that NMC Health was understating its debt.
- Unverifiable35Muddy Waters questioned NMC's reported investment in a hospital, saying the cost of US$7,700 per square metre was well above expected levels.
- Unresolved46Anonymous whistleblowers alleged in 2019 that Infosys's chief executive and chief financial officer used unethical practices to boost short-term revenue and profit.
- Supported68A Financial Times report of 30 January 2019, as relayed by Bloomberg News, said an executive overseeing Wirecard's Asia-Pacific accounting allegedly ordered potentially fraudulent transactions.
- Opinion73A May 2018 joint report of two House of Commons committees said KPMG was complicit in Carillion's aggressive accounting judgements.
- Supported85Steinhoff said in December 2017 that new information had come to light relating to accounting irregularities requiring further investigation.
- Supported94Japan's Financial Services Agency ordered Toshiba in December 2015 to pay an administrative penalty of more than JPY 7.3 billion for false statements in its securities reports.
- Outdated83Press reports in July 2015 said an independent committee found Toshiba had overstated profits by JPY 151.8 billion between 2008 and 2014.
- Supported76Press reports in July 2013 said the Tokyo District Court convicted Olympus and three former executives over falsified financial statements and gave the executives suspended prison terms.
- Supported74A third-party committee appointed by Olympus reported in December 2011 that former executives had concealed investment losses and that the management was rotten to the core.
- Contradicted84Olympus said in October 2011 that the advisory fees questioned by its dismissed chief executive raised no problem and that the company had done nothing wrong.
- Partly supported76Satyam's books overstated its cash and bank balances by Rs 5,040 crore, as its founder wrote to the board in January 2009.