Top accounting firm KPMG is under investigation by the FBI over allegations of insider trading by one of its auditors.
KPMG said it has resigned as auditor of two US corporations amid the inquiry involving leaked information from a former senior partner.
The two California-based companies - nutritional products group Herbalife and footwear maker Skechers - confirmed separately that KPMG had quit as their auditor in connection with the alleged leaks.
The two companies said the investigation did not relate to their own conduct but that of the auditor.
The FBI's Los Angeles office is understood to be heading the investigation.
KPMG said that "the partner was immediately separated from the firm" when the allegations were made.
The company also said: "This individual violated the firm's rigorous policies and protections, betrayed the trust of clients as well as colleagues, and acted with deliberate disregard for KPMG's long-standing culture of professionalism and integrity."
The company is one of the so-called Big Four accounting firms which handle much of the corporate world's auditing.
In the UK, KPMG last year audited 21 companies in the FTSE 100, bringing in £431m in audit revenues.
Its total revenue peaked in 2012 at £1.8bn.
Shares of Herbalife in the US closed on Thursday down 3.8% amid an ongoing battle between key investors, meanwhile Skechers shares were up 1.9%.
The investigation into the auditor comes as increasing scrutiny mounts on the audit firms over corporate tax minimisation schemes and their role in the run-up to the global financial meltdown.
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