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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Posts Tagged: KPMG

EY and KPMG cheating scandals expose ethical challenges for audit industry

After getting caught ignoring its employees and cheating on the CPA ethics exam, EY has become the latest example of how industry and company-level mindsets can turn into corporate liabilities. The SEC slapped a fine of $100 million on the audit firm, making it clear in their enforcement action that it was punishing both the cheating and the firm leadership’s failure to serve as a gatekeeper.Continue Reading

Ex-KPMG partner pleads guilty in PCAOB cheating scandal

A former KPMG partner and co-leader of the firm’s banking and capital markets group admitted stealing and using confidential information so KPMG could improve the outcome of PCAOB inspections.

David Britt, 56, pleaded guilty in federal court in New York Thursday to one count of conspiracy to commit wire fraud.… Continue Reading

Six CPAs charged with stealing PCAOB information to help KPMG

The DOJ and SEC charged six accountants Monday with misappropriating and using confidential information about the PCAOB’s planned inspections of KPMG.

The six include three former officials at the Public Company Accounting Oversight Board or PCAOB and three former partners at KPMG LLP.… Continue Reading

UK investigates KPMG for Rolls-Royce audits

The United Kingdom accounting regulator said Thursday it has opened an investigation into KPMG for audits the firm did for long-time client Rolls-Royce Holdings plc.

The Financial Reporting Council or FRC said its decision to investigate KPMG “follows the SFO announcement on 17 January 2017 of a Deferred Prosecution Agreement between the SFO and Rolls-Royce which relates to offenses including conspiracy to corrupt and a failure to prevent bribery.”… Continue Reading