comment the post
For this assignment, I chose “Elliot D. Kim, CPA” as my designated PCAOB incident. In summary, the incident revolves around Elliot D. Kim, a CPA working for KPMG LLP, who purposely altered audit documentation provided for a Board’s inspection. Kim was asked by his Senior Managers to compile audit documentation that was finalized no more than 45 days after the report issuance on April 2017; however a testing file was modified prior to it being provided to Board in July of the same year. The changes included modifying test procedure language that had not originally been included in the final documentation. Kim also sent a screenshot of the modify date dating back to January 2017 to his Senior Managers in order to falsely support no modifications had taken place after fieldwork dates. Eventually the truth was uncovered, and due to his actions he was terminated from KPMG. The penalties imposed by the Board included censuring Kim’s CPA license and prohibiting from being part of a CPA firm for one year. After one year Kim would have to complete 40 hours of ethics-related CPE in order to file a petition to be able to rejoin another CPA firm.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
