US prosecutors target accounting fraud

US prosecutors are investigating a number of companies for potential accounting fraud, New York’s top federal prosecutor said on Friday. “We have a number of substantial investigations in that area that are under way but not yet known,” said Preet Bharara, the US attorney in Manhattan, at the Practising Law Institute, a legal conference in New York. Mr Bharara declined to comment on any specific cases.

Read more: US prosecutors target accounting fraud — Financial Times