Tagged: Public Company Auditing Oversight Board

Episode 25 — Unraveling the KPMG Audit Scandal

Episode 25 — Unraveling the KPMG Audit Scandal

In January 2018, the Department of Justice and the Securities and Exchange Commission announced criminal and civil charges against five KPMG and a Public Company Accounting Oversight Board employee arising from sharing of confidential audit inspection information by PCAOB employees with KPMG audit partners.  A sixth defendant, a KPMG official and former PCAOB employee plead guilty and agreed to cooperate with the government investigation.  The...