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KPMG 同意支付$22,500，000了断麻烦 |
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| KPMG 同意支付$22,500，000了断麻烦 |
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作者：佚名 文章来源：不详 点击数： 更新时间：2006-12-21 16:57:18  |
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| WASHINGTON (AP) - KPMG LLP, the U.S. unit of Big Four accounting firm KPMG International, has agreed to pay $22.5 million US to settle U.S. federal regulators' charges that it allowed Xerox Corp. to manipulate its accounting.
The U.S. Securities and Exchange Commission in January 2003 sued KPMG and certain of its partners, including the head of the firm's department of professional practice, in connection with the audits of Xerox from 1997 through 2000.
The SEC alleged that KPMG and its partners allowed Xerox to manipulate its accounting practices to close a $3 billion US "gap" between actual operating results and results reported to the investing public.
The agreement announced Tuesday by the SEC resolves the agency's civil lawsuit. The accounting firm is paying a $10 million civil fine - the same amount Xerox paid in 2002 - and $9.8 million in restitution of its audit fees from Xerox in 1997-2000, plus $2.6 million in interest.
The money will go to compensate harmed Xerox investors, the SEC said.
While neither admitting nor denying wrongdoing, KPMG was censured and did agree to make a series of reforms to prevent future violations of securities laws.
In its civil suit against KPMG in U.S. District Court in Manhattan, the SEC had accused the firm of engaging in fraud by falsely telling the public it had applied professional auditing standards to its review of Xerox's accounting and that Xerox's reported results represented the company's true financial condition.
KPMG had denied the SEC's accusations and defended its audits of Xerox's financial statements, saying that at the very worst it was no more than a disagreement over complex professional judgments.
While saying that KPMG violated securities laws, the SEC dropped the fraud allegations in the settlement.
It was the latest in a series of actions by the SEC against big accounting firms, which were tainted by the wave of corporate scandals that started with Enron's collapse in December 2001.
"Audit firms play a critical role in the financial reporting process," Paul Berger, an associate enforcement director at the SEC, said in a statement. "The investing public deserves to know that auditors will be held accountable when they fail to perform their duties with the degree of professional care required of the auditing profession."
In its order, the SEC alleged that KPMG "caused and willfully aided and abetted Xerox's violations" of anti-fraud and other provisions of the securities laws and that it violated its obligations to disclose to Xerox illegal acts that came to its attention during the audits.
New York-based KPMG, in a statement, said it was pleased to have reached the settlement, which it called "reflective of the firm's efforts to work with our regulators in a co-operative way in order to help strengthen public confidence in the capital markets."
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