{"id":84,"date":"2006-02-22T20:56:42","date_gmt":"2006-02-23T02:56:42","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=84"},"modified":"2006-03-04T00:42:56","modified_gmt":"2006-03-04T06:42:56","slug":"kmpg-partners-agree-to-sec-penalties","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/kmpg-partners-agree-to-sec-penalties\/","title":{"rendered":"KMPG partners agree to SEC penalties"},"content":{"rendered":"<p>Four KPMG (and former KPMG) partners have agreed to SEC fines for their failure to detect a multi-billion dollar accounting fraud at Xerox Corp.  Two of the four will pay the SEC $150,000 each, the largest fines ever imposed against individual auditors by the SEC.<\/p>\n<p>From 1997 through 2000, Xerox manipulated its accounting for office equipment leases, in order to meet Wall Street&#8217;s expectations. The SEC alleges that KPMG partners overseeing the audit knew or should have known about the improper accounting practices.<\/p>\n<p class=\"times\">To date, the SEC has won $55.2 million in penalties and disgorgement from cases related to Xerox.  This includes $22.5 million in fines paid by KPMG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Four KPMG (and former KPMG) partners have agreed to SEC fines for their failure to detect a multi-billion dollar accounting fraud at Xerox Corp. Two of the four will pay the SEC $150,000 each, the largest fines ever imposed against [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-84","post","type-post","status-publish","format-standard","hentry","category-fraud-news-stories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-1m","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/84","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=84"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/84\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=84"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=84"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=84"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}