September 24, 2020

Convicted Ex-KPMG Partner David Middendorf Suspended By the SEC

David Middendorf

Another “KPMG 5” executive who will be serving prison time for his role in a scheme to steal confidential audit inspection lists from the PCAOB was suspended today from appearing or practicing before the Securities and Exchange Commission as an accountant.

The SEC released the following two-page order of suspension against David Middendorf, former national managing partner for audit quality and professional practice at KPMG:

Middendorf is appealing his conviction.

Ex-KPMG executive director Cynthia Holder, who was sentenced to eight months in federal prison in August, was banned from appearing or practicing before the SEC as an accountant last November.

Holder, a former PCAOB inspections leader, is serving time at a minimum security federal prison camp for women in Bryan, TX. Her current release date is June 13, 2020.

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Uh-Oh, This Isn’t Looking Good for KPMG U.K.

From Reuters today: Britain’s accounting regulator said it has delivered its initial report into KPMG’s audit of builder Carillion, an indication that apparent rule breaches have been found. The construction company’s collapse in 2018 angered lawmakers who called on the Competition and Markets Authority to consider breaking up top accountants to increase competition and auditing […]