The Public Company Accounting Oversight Board has imposed its largest ever civil penalty ($8 million). The penalty was imposed on Deloitte Touch Tohmatsu Auditores Independentes, based in Brazil, in respect of charges for issuing materially false audit reports and attempting to cover up audit violations by altering documents. Further information is available here.
Tuesday, 6 December 2016
USA: PCAOB imposes its largest ever civil penalty
The Public Company Accounting Oversight Board has imposed its largest ever civil penalty ($8 million). The penalty was imposed on Deloitte Touch Tohmatsu Auditores Independentes, based in Brazil, in respect of charges for issuing materially false audit reports and attempting to cover up audit violations by altering documents. Further information is available here.
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