Watchdog accountants USA discredit

Watchdog accountants USA discredit

World January 23, 2018 13:12

amsterdam - The American regulator for book controls at companies is very embarrassed. Three employees are prosecuted by the prosecutor for stealing and leaking information intended for KPMG accountant in the US.

The three Americans stole information from the Public Company Accounting Oversight Board and passed it on to KPMG for two years, according to the stock exchange supervisor SEC and the Public Prosecution Service.

With the stolen information, the accounting and consulting firm, one of the Big Four in the world, could have early adjusted its audit results for approaching audits. ' These auditors have been involved in shocking misconduct, 'says director Steven Peikin of the SEC.

One of the suspects warned his contact at KPMG and said he had 'the shopping list'. ' Everything you need for the whole year. '

The regulator was created to restore confidence in the sector after the years of ongoing accounting scandal at energy company Enron. The board of Enron deceived customers there, the account contributed to deception, judged the judge in the illustrious case.

The regulator was also in a bad light due to the lack of control of WorldCom, where investors lost billions.

KPMG already paid $ 456 million in 2006 to buy criminal prosecution after helping customers avoid $ 2.5 billion in taxation.

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