Joseph Boyle, KPMG's "relationship partner" with Xerox from 1999-2000 has accepted a settlement with the SEC regarding his failure to disclose to KPMG's Xerox audit committee financial irregularities Boyle uncovered during his time as liason to the eponymous imaging company.

According to federal regulators, the accounting fraud at Xerox began in 1997 and amounted to one and a half billion dollars over the next four years. KPMG previously agreed to a $22 million settlement regarding their audit of Xerox.

Via Forbes.

-- MDT

Labels: KPMG