Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt

Exercise 7

On April 19, 2005, KPMG agreed to pay $22 million to the SEC to settle its lawsuit with the SEC in connection with the alleged fraud. Go to the SEC's website to read about the settlement of this lawsuit with the SEC (try, "http://www.sec.gov/news/press/2005-59.htm"). Do you agree or disagree with the findings Explain your answer.