Confidential US audit board inspections plans at the heart of a cheating scandal involving KPMG LLP don’t qualify as property, prosecutors have determined, leading them to drop wire fraud charges against a former partner and a former board staffer.
Federal prosecutors said in a court filing this week that they would seek to dismiss the charges against David Middendorf, who was national managing partner for audit quality at KPMG, and Jeffrey Wada, who was an inspections leader with the Public Company Accounting Oversight Board. The move effectively ends the pair’s appeal of their 2019 convictions for their role in a ...
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