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.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned