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Organization

New Century Financial

U.S. subprime mortgage lender that collapsed in April 2007; KPMG was its auditor.

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Wikidata
Q4956490
Over time
  1. awarded a contract to KPMG LLP (outside auditor) 1997–2007

Connections 2

awarded a contract to

  • KPMG LLP 1997–2007 outside auditor Scholarship & press 12

involved in

Timeline 1 date
  1. 1997–2007 New Century Financial awarded a contract to KPMG LLP
Proof 3 sources
  1. Report Faults New Century Execs, KPMG, Orange County Business Journal, 25 Mar 2008. Scholarship & press
    KPMG, which served as New Century’s outside auditor since the company went public in 1997 to early 2007, allowed some of the improper accounting practices to continue, according to the report.
  2. Judge Grants Preliminary Approval in New Century Shareholder Settlement: KPMG to Pay $44.75 Million, Going Concern, 11 Aug 2010. Scholarship & press
    The settlement involves three stipulations: Auditor KPMG LLP will pay $44.75 million;
    Not to be confused with the settlement that KPMG reached with the Trustee of New Century that we reported on back in June.
  3. KPMG cited in collapse of subprime lender, Accounting Today, 4 May 2008. Scholarship & press
    the troubled mortgage company that collapsed last April
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  1. Add 55 stories, each checked against its sourcesAlibek96e92fe6

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