Byju’s fail with its big backers signals a messy unwind, says PranavKiranBV
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Byju's auditor Deloitte, three board members sever ties with embattled edtech startupDeloitte and three board members of Byju's have severed ties with the Indian startup, said sources on Thursday, amid the edtech company's escalating legal battle with its lenders and its plummeting valuation in the eyes of some investors.
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FTX bankruptcy will be ‘very expensive’ but there’s a reason: AuditorMore than $200 million in legal fees have been charged by the law firms in charge of restructuring FTX_Official post-bankruptcy and a court-appointed examiner says the case could be “very expensive.”
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U.S. securities regulator hits top SPAC auditor with $10 mln fineThe U.S. Securities and Exchange Commission (SEC) on Wednesday slapped Marcum LLP with a $10 million penalty for standards violations and systemic quality control failures in its audit work for hundreds of special purpose acquisition companies, or SPACs.
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Senate Banking Committee to consider bipartisan bill to claw back executives' pay when banks failLawmakers are attempting to hold banking executives who oversee bank failures accountable, by giving regulators power to claw back compensation.
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Democrats fail to block Adam Schiff censure voteHouse Democrats on Wednesday failed to stop a scheduled censure vote against Rep. Adam B. Schiff for his allegations against former President Donald Trump of Russian collusion in the 2016 election.
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Senate panel advances bipartisan bill to claw back earnings from CEOs of failed banksThe Senate Banking Committee has advanced legislation that would claw back the compensation of CEOs of banks that fail, pushing the bipartisan bill closer to passage.
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