The story of KPMG LLP
U.S. firm of the KPMG network.
KPMG LLP. U.S. firm of the KPMG network.
1997–2007
New Century Financial awarded a contract to KPMG LLP. Outside auditor.
29 Aug 2005
KPMG LLP, charged by the U.S. Department of Justice. Conspiracy to defraud the IRS by selling tax shelters (prosecution deferred).
KPMG LLP settled with the U.S. Department of Justice. $456M, deferred prosecution agreement; KPMG admitted criminal wrongdoing.
The charge was dropped in January 2007 after prosecutors said the firm had met its obligations under the agreement.
A charge is an accusation, not a finding of guilt.
2008
KPMG LLP disputes a finding of Examiner’s Report on New Century Financial (Missal).
According to KPMG LLP. This is one side’s account, not established fact.
Each side is quoted in its own words. Whether a finding holds is not decided here.
17 Jun 2019
KPMG LLP settled with the U.S. Securities and Exchange Commission. $50M, KPMG admitted the facts in the SEC’s order.
9 sourced connections, each with its evidence. Open the explorer to follow any of them further, filter by lens, or move through time.
Drawn from the sourced links on KPMG LLP. Change a link and this story changes with it.
Pictures, from Wikimedia Commons: U.S. Department of Justice, APK, CC BY 4.0; U.S. Securities and Exchange Commission, Don Ramey Logan, CC BY 4.0.
