Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Ex-KPMG partner banned from practice before the SEC; sentencing date is in December

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The SEC banned KPMG’s former regional audit PIC Scott London from SEC related work. The key sentence from Bloomberg’s article SEC Bars Former KPMG Partner fo Role in Insider-Trading Scheme:

The SEC’s order prohibits Scott London from practicing as an accountant on behalf of any publicly traded company or other entity regulated by the agency, according to a statement released today.

Another article is Market Watch: KPMG’s Scott London barred for insider trading

The Bloomberg article says Mr. London will be sentenced on December 9, 2013.

This is an update from the latest info I’d seen, which was for sentencing to be October 21.

Previous visible date for sentencing of Bryan Shaw was September 16, but that date has past without any visible indication sentencing took place.

Update: See Sentencing in London CPA insider trading case set for 2-27-14

Written by Jim Ulvog

September 30, 2013, 7:00 am at 7:00 am

Posted in Audits, Fraud

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  1. […] Back in September 2013 I briefly discussed the SEC’s enforcement action against former KPMG partner Scott London over his insider trading activities: Ex-KPMG partner banned from practice before the SEC; sentencing date is in December. […]

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