Former KPMG Partner Settles on Xerox Audit

Via Reuters:

Former KPMG settles SEC charges over Xerox audits

October 6, 2005
Reuters

WASHINGTON - A former KPMG partner agreed to pay $100,000 to settle charges he failed to communicate an auditor's warnings that Xerox was engaged in improper accounting several years ago, the U.S. Securities and Exchange Commission said on Thursday.

Joseph Boyle was also suspended from practicing as an accountant on matters before the SEC for one year as part of his settlement, in which he did not admit or deny any wrongdoing, the SEC said.

The original article appears here.

-- MDT