Six accountants, including former partners at KPMG, were arrested Monday morning and charged with conspiring to defraud securities regulators and misuse of confidential auditing information, The Wall Street Journal reports.
Federal prosecutors in Manhattan alleged in a criminal indictment unsealed Monday that KPMG executives recruited employees from the Public Company Accounting Oversight Board to join the accounting firm, who then shared confidential information about the PCAOB’s plans to audit the firm.
