For Deloitte, the song goes like this: Do the crime, pay the fine, the firm does no time, survive and thrive.
The Public Company Accounting Oversight Board censured Deloitte & Touche LLP yesterday and imposed a $2 million civil penalty against the firm for violating the Sarbanes-Oxley Act and PCAOB rules when it permitted Christopher E. Anderson, a former partner to perform or continue to perform activities as an “associated person” that were prohibited while he was subject to a PCAOB suspension order.
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