The Securities and Exchange Commission has charged two auditors at KPMG for playing a role in a failed audit of a Nebraska bank that hid millions of dollars in loan losses from investors during the financial crisis and eventually filed for bankruptcy.

The SEC had previously charged three former executives at the bank, TierOne Bank, responsible for the scheme. Two executives agreed to settle the SEC’s charges, and the case continues against the other.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access