Financial Accounting News

Ex-Auditor Aims to Avoid Prison Time in KPMG Cheating Scandal

July 15, 2019, 3:32 PM

A former employee of the U.S. audit regulator faces more than four years in prison when she is sentenced this week on charges related to leaking confidential information to KPMG LLP to help improve its annual inspection results.

Cynthia Holder, of Houston, pleaded guilty in October to federal charges of wire fraud and conspiracy to defraud the government. Her attorneys are asking for probation and community service in lieu of prison time when she is sentenced in a New York courtroom, scheduled for July 17.

Holder was one of several former Public Company Accounting Oversight Board employees who joined KPMG...

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