KPMG LLP’s former head of professional practice and a former staff member of the U.S. audit regulator have been found guilty of federal fraud charges.

  • The guilty verdicts were returned March 11 against David Middendorf and Jeffrey Wada, who were accused of conspiring to steal audit inspection plans from the Public Company Accounting Oversight Board in order to improve the results of the firm’s annual review.
  • Four others were also charged in connection with the case.