for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Westlaw News

KPMG bank auditor avoids prison for 'regulatory corruption'

A Manhattan federal judge sentenced former KPMG audit partner David Britt to home confinement on Friday over his role in a scheme to get access to a regulator’s audit inspection plans, saying his deportation to Australia after living for decades in the United States was itself a form of punishment.

U.S. District Judge Paul Oetken said that Britt, 57, the former co-head of the professional services firm’s banking and capital markets group, participated in the “corruption of a regulatory process” by using Public Company Accounting Oversight Board inspection plans leaked by staffers seeking jobs at KPMG to secretly polish the targeted audits of KPMG clients.

To read the full story on Westlaw Today, click here: bit.ly/2SFfyea

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up