- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-04-03T05:04:00
Ebix announced the Securities and Exchange Commission (SEC) closed an investigation into allegations against the software company’s accounting practices raised in a short seller report.
In a press release Monday, the company said the SEC concluded its probe, which had not been announced publicly, without intending to recommend an enforcement action.
The agency’s investigation was launched in response to the 2021 resignation of RSM as Ebix’s auditor and a report published by Hindenburg Research in 2022 that accused the company of fabricating revenue growth within its gift card division.
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2024-03-25T19:48:00Z By Jeff Dale
Data center owner Equinix disclosed it launched an independent investigation to review matters referenced in a recent short seller report that also caught the attention of the Department of Justice.
2024-03-21T18:21:00Z By Aaron Nicodemus
Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice into bribery allegations against a “third party” but denied a relationship with it.
2023-09-27T18:15:00Z By Kyle Brasseur
Hyzon Motors, a global supplier of hydrogen fuel cell-powered heavy vehicles, was assessed a $25 million penalty by the Securities and Exchange Commission in agreeing to settle charges it and its former executives misled investors regarding the sales of its vehicles.
2025-02-28T15:45:00Z By Ruth Prickett
Compliance teams should expect more support from their organization’s internal audit functions. That is the clear message from the Institute of Internal Auditors, the global body of national affiliated internal audit institutes, which has just put into action its new Global Internal Audit Standards.
2024-09-16T19:45:00Z By Aaron Nicodemus
Chinese authorities banned PwC’s Chinese unit from performing audits in the country for six months, labeling the subsidiary’s flawed audit work as complicit in the failure of giant property developer Evergrande.
2024-06-12T01:46:00Z By Kyle Brasseur
Erica Williams was reappointed to a second term as chair of the Public Company Accounting Oversight Board after an ambitious first three years in the role that have seen the agency work to update many of its standards deemed outdated.
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