The Securities and Exchange Commission charged the former chief risk officer at Deloitte LLP with violating auditor independence rules by accepting casino markers from a casino gaming company client.
An SEC order finds that James T. Adams, a CPA, repeatedly accepted tens of thousands of dollars in casino markers while serving as the advisory partner on Deloitte & Touche’s audit of a casino gaming corporation. A marker is an instrument utilized by a casino customer to receive gaming chips drawn against the customer’s line of credit at the casino, the SEC noted.
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