FrontBurner » Blog Archive » S.E.C. CRACKDOWN

S.E.C. CRACKDOWN

Posted on March 31st, 2006 11:07am by Wick Allison
Filed under Business

Three auditors at KPMG, two of whom live in Dallas, have been suspended by the S.E.C., after allegedly altering more than 350 documents in a 2002 audit. The guys apparently added comments, backdated files and created documentation to support their conclusions.

Punishment is light, though. The culprits will crunch numbers again, probably in three years.

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