Ex-KPMG partner settles Xerox claims
Jospeh Boyle takes one year ban, but neither admits nor denies wrongdoing
A former KPMG partner has settled charges from the SEC on the audit of Xerox.
Joseph Boyle, 62, has accepted a one-year ban on auditing public companies, a
settlement that involved no admission or denial of wrongdoing.
The settlement comes eight months after KPMG agreed to pay $22.5m over its
audit of Xerox.
Xerox had overstated its financial results by $1.5bn over four years.