Infosys unit's overbilling Apple led to exit of top executives: sources

Indian outsourcing major Infosys Ltd's back-office services unit was overcharging Apple Inc, leading to the exit of top executives, two senior Infosys people said on Thursday.

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Clean audit on Herbalife set back Ackman's pyramid claim

Despite getting clearance from accounting firm PricewaterhouseCoopers LLP regarding its fiscal statements for the last three years, activist investor Bill Ackman appeared to be not convinced that Herbalife Ltd is not operating a pyramid scheme.

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Deutsche Bank reviewed for corrupt practices

Deutsche Bank AG was under review for excessive entertainment expenses made for pension fund executives.

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China to hand over audit documents - Treasury Secretary

Jack Lew, US Treasury Secretary, confirmed that Chinese regulators will be handing over documents about US listed companies based in China; a move that may dissolve disagreement about several accounting scandals.

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