Bankruptcy - KPMG settles with U.S. SEC - Canada

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KPMG settles with U.S. SEC

Postby montyloree » Tue Jul 19, 2005 12:00:00 AM

I picked up this in my travels regarding KPMG Canada. It just goes to show that even the credible companies get in trouble for violations of laws. It's pretty scary. One must be adept at every law in the country you're dealing in.



"The SEC found that KPMG Canada, Bentham and Gordon engaged in ?improper professional conduct? within the meaning of Rule 102(e) of the SEC?s Rules of Practice by virtue of their violations of the auditor independence requirements imposed by the Commission?s rules and guidance and by generally accepted auditing standards in the United States. "



KPMG - SEC Website

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