Accountant pleads guilty in KPMG case

Accountant pleads guilty in KPMG case

California-based accountant pleads guilty to conspiracy, tax fraud

Steven Michael Acosta, a Californian accountant has plead guilty to charges
of conspiracy, tax fraud and obstructing a federal investigation as part of the
massive investigation into questionable
tax
shelters
set up for wealthy clients by
KPMG.

Acosta also pledged to help prosecutors in their criminal investigation.

He is the fourth person to plead guilty in the inquiry. The case centres
around 16 former employees of KPMG who are scheduled to stand trial in
September.

Further reading:

KPMG tax shelter case postponed ‘indefinitely’

KPMG and ex-partners square off in US

Victory for KPMG in California ruling

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource