Defendant Name:
KPMG LLP
Defendant Type:
Other
Document Reference:
34-79483
Document Details
Legal Case Name
In the Matter of KPMG LLP
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
06-Dec-2016
Document Format
Administrative Proceeding
AAER
3834
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 6th, 2016 the SEC instituted cease-and-desist proceedings against KPMG LLP. The Commission stated: "KPMG violated Rule 2-06 of Regulation S-X, which requires auditors to preserve audit workpapers for seven years after concluding an audit or review of an issuer's financial statements."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$230,000.00
Shared:
