SEC orders Archives

KPMG
SEC

Two Ex-KPMG Auditors Were Told By the SEC to Have a Seat On the Sidelines For a While

Jason Bramwell
February 23, 2021

Two former KPMG auditors who worked on the ill-fated audit of a not-for-profit college agreed […]

News
SEC

Your Naughty Corporate Controller of the Day

Jason Bramwell
February 22, 2021

Edward Kelly has been suspended from appearing or practicing before the SEC as an accountant […]

Audit
KPMG

Three Former KPMG Partners Charged by SEC For Being Dirty, Dirty Cheaters

Adrienne Gonzalez
May 19, 2020

Just when KPMG thought maybe everyone had forgotten about that whole cheating scandal debacle, the […]

SEC Takes Away Privileges From Another Felon In KPMG/PCAOB Scandal

Jason Bramwell
January 16, 2020

David Middendorf’s trial buddy, Jeffrey Wada, the now-former PCAOB inspections leader who fed confidential information […]

Convicted Ex-KPMG Partner David Middendorf Suspended By the SEC

Jason Bramwell
January 15, 2020

Another “KPMG 5” executive who will be serving prison time for his role in a […]

Jailed Ex-KPMG Executive Director Barred By the SEC Because Why Not?

Jason Bramwell
December 2, 2019

Cynthia Holder, one of the “KPMG 5” who was sentenced to eight months in federal […]

Deloitte
SEC

As a Result of Breaking SEC Rules, Deloitte Japan Is $2 Million Lighter In the Wallet

Jason Bramwell
February 13, 2019

There was some bad decision-making going on at Deloitte Touche Tohmatsu in Japan. Dozens of […]

New Year’s Eve Was Kind of a Bummer for Hertz

Jason Bramwell
January 2, 2019

Man, I hope executives at Hertz got shitfaced on New Year’s Eve, because being told […]

Financial Reporting

SEC Fines Company for Failing to Mention That They Paid for CEO’s Lavish Perks (and Some Non-GAAP Stuff, Too)

Caleb Newquist
January 18, 2017

Normally I'd reserve mis-adventures in non-GAAP accounting for the news roundup, but it's not every […]

Audit

Fake Occupants Caused Some Some Problems in Grant Thornton’s Audit of Assisted Living Concepts

Caleb Newquist
December 2, 2015

The SEC announced a settlement with Grant Thornton and two partners today over some bad audits that went down in America's Dairyland. The firm will pay $3 million in fines, plus forfeit $1.5 million in audit fees with interest. The partners, Melissa Koeppel and Jeffrey Robinson agreed to a $10k fine and a 5-year ban and $2.5k and 2-year ban, respectively.