Deloitte Canada Fined $1.1 Million for Backdating Audit Papers

Deloitte Canada must pay C$1.59 million ($1.1 million) in fines and costs after its staff were found to have deliberately backdated audit papers, a Canadian accounting watchdog said Tuesday.

CPA Ontario said that “a number of” Deloitte auditors changed their computer clocks to backdate documents between November 2016 and May 2018. Deloitte admitted that it broke the CPA Ontario Code of Professional Conduct and that it didn’t have the necessary procedures in place to avoid a breach.

• “Backdating obscures when and what work was performed and reviewed,” Janet Gillies, executive vice president of regulatory and standards at CPA Ontario, said ...