Deloitte Fined $2M for Allowing Suspended Audit Partner to Keep on Auditing

Accounting giant Deloitte & Touche will pay a $2 million penalty to settle civil charges that it allowed a suspended auditor to continue working in the firm's public company audit practice, the U.S. audit watchdog said Tuesday. The Public Company Accounting Oversight Board, the body that polices auditors, said the fine matches a record penalty imposed by the board in another disciplinary matter. Previously, the PCAOB in 2008 took disciplinary action against individual auditor, Christopher Anderson, who settled the case and agreed to pay a $25,000 fine and accept a one-year suspension from the industry. [Reuters]

Latest Accounting Jobs--Apply Now:

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.

Comments are closed.

Related articles

Everyone Knows 11-Year-Olds Can’t Wait to Work at Deloitte

Why do people post this crap on LinkedIn. Thanks for doing your part to feed the pipeline, ma’am. Latest Accounting Jobs–Apply Now: Senior Accountant, Nonprofit clients Remote Posted 3 weeks ago Senior Tax Associate (CPA firm) Remote Posted 3 weeks ago Operations Coordinator, CPA Firm Remote Posted 3 weeks ago Load more listings