Accounting and Auditing

Two legislators have asked the California State Lands Commission to put off deciding whether to allow the city of Newport Beach to establish a special harbor fund. The officials want the state to hold off until they can further investigate how that...

Superintendent Robert Runcie's contract promises him a year's worth of severance if the Broward County School Board fires him without cause — seven months more the state says he's allowed. Runcie received a three year, $275,000-per year contract in...

CHARLEVOIX — Charlevoix Public School's 2012-2013 amended school budget — first up for consideration in February — failed to be approved, yet again, at Monday's regular board meeting as board trustee Glen Catt said he could not support...

Re "Ex-KPMG accountant is charged," Business, April 12 For the 25 years I ran the California Community Foundation, KPMG was our auditing firm. For 10 of those years, our auditor was Scott London, the former KPMG auditor accused of fraud. I knew London...

Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners. The criminal case filed...

It's the kind of audacious but small-stakes insider trading that normally wouldn't have merited much attention. Golfing buddies Scott London and Bryan Shaw netted just $1.3 million, a blip in a world where Wall Street kingpins pocket hundreds of...

The KPMG insider trading scam was far more profitable than earlier known and went longer than thought. Scott London, the disgraced ex-auditor from KPMG's office in Los Angeles, has been charged in a federal complaint with one count of conspiracy to...

The U.S. Department of Justice has charged Scott London, the former KPMG auditor who passed non-public information about Herbalife Ltd. and Skechers USA Inc. to a friend, with criminal insider trading. London, 50, is scheduled to be arraigned at 2 p.m....

MOSCOW -- Russian officials Saturday banned 18 American officials from entering the country, a day after the U.S. announced similar sanctions on 18 Russians in connection with the prosecution and subsequent death of Russian auditor Sergei Magnitsky. The...

When a city, like a family, is beset with financial difficulty, the sensible thing is to cut back, stretch every buck, manage tightly until things get better. Hartford has the looming red ink and is, finally, embracing the needed austerity. The city...

NEW YORK — Auditor Scott London isn't the only one dealing with a dented reputation. His former employer, KPMG, is scrambling to do damage control after an insider-trading scandal swept through its Los Angeles office. It has put many of the Big...

Scott London, the auditor fired by KPMG, appeared before a federal judge Thursday to answer to accusations that he helped orchestrate an insider-trading scheme that racked up $1.3 million in ill-gotten gains. A somber expression on his face, London...