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Accounting firm KPMG has agreed to pay more than US$6.2
million to settle SEC charges that it had overlooked grossly
overstated values of the assets of an oil and gas company, the U.S.
Securities and Exchange Commission (SEC) said on Tuesday.
Tennessee-based Miller Energy Resources hired KPMG as an outside
auditor in 2011. The accounting giant and the engagement partner
John Riordan “failed to properly assess the risks associated with
accepting Miller Energy as a client and did not properly staff the
audit, which overlooked the overvaluation…
million to settle SEC charges that it had overlooked grossly
overstated values of the assets of an oil and gas company, the U.S.
Securities and Exchange Commission (SEC) said on Tuesday.
Tennessee-based Miller Energy Resources hired KPMG as an outside
auditor in 2011. The accounting giant and the engagement partner
John Riordan “failed to properly assess the risks associated with
accepting Miller Energy as a client and did not properly staff the
audit, which overlooked the overvaluation…
Accounting firm KPMG has agreed to pay more than US$6.2
million to settle SEC charges that it had overlooked grossly
overstated values of the assets of an oil and gas company, the U.S.
Securities and Exchange Commission (SEC) said on Tuesday.
Tennessee-based Miller Energy Resources hired KPMG as an outside
auditor in 2011. The accounting giant and the engagement partner
John Riordan “failed to properly assess the risks associated with
accepting Miller Energy as a client and did not properly staff the
audit, which overlooked the overvaluation…
million to settle SEC charges that it had overlooked grossly
overstated values of the assets of an oil and gas company, the U.S.
Securities and Exchange Commission (SEC) said on Tuesday.
Tennessee-based Miller Energy Resources hired KPMG as an outside
auditor in 2011. The accounting giant and the engagement partner
John Riordan “failed to properly assess the risks associated with
accepting Miller Energy as a client and did not properly staff the
audit, which overlooked the overvaluation…