BearingPoint, the consultancy formerly tied to accounting firm KPMG, disclosed that the Securities and Exchange Commission has launched an informal probe into the company's accounting practices.
In an 8-K filed last week, the McLean, Va.-based company said that it was advised by the SEC's Enforcement Division on April 13 that the commission is conducting an informal investigation. The SEC staff requested that BearingPoint produce various documents, including documents concerning internal control deficiencies identified last month and prior-period adjustments, according to the company.
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