March 14, 2018 BY Valentina Kirilova

SEC charges foreign affiliates of KPMG, Deloitte, BDO

The Securities and Exchange Commission (SEC) announced that it has charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB). The firms agreed to settle the charges by paying penalties or disgorging their profits from the…

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KPMG accountants charged steal test
January 22, 2018 BY LeapRate Staff

Six CPAs charged with 'Stealing the Exam' ahead of KPMG audit inspections

The U.S. Securities and Exchange Commission has announced charges against six certified public accountants, including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP, arising from their participation in a scheme to misappropriate and use confidential information relating to the PCAOB's planned inspections of KPMG. The SEC's…

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