i-law

Fraud Intelligence

Deloitte Brazil audit deceit cover-up costs it US$8 million fine

The US auditing watchdog the Public Company Accounting Oversight Board (PCAOB) has fined Deloitte Brazil (Deloitte Touche Tohmatsu Auditores Independentes) US$8 million for falsifying audit reports, then trying to cover up the violations through more false documents and testimony.

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