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SEC Charges Two Former KPMG Auditors for Improper Professional Conduct Zoya Malik February 24, 2021 (Last Updated February 24th, 2021 13:45) Share Article On 23 February 2021, The Securities and Exchange Commission suspended two former KPMG auditors from practicing before the SEC in connection with settled charges against the two for improper professional conduct during an audit of the now defunct, not-for-profit College of New Rochelle.  The SEC previously charged the college’s former controller with fraud in connection with the college’s fiscal year 2015 financial statements According to the SEC’s orders, former KPMG partner Christopher Stanley approved, and former KPMG senior manager Jennifer Stewart authorised, the issuance of an unmodified audit opinion on the college’s fiscal year 2015 financial statements, despite not having completed critical audit steps. As described in the orders, KPMG’s work on the audit had

New yorkUnited statesCollege of new rochelleLaras mehrabanChristopher stanleyJon danielsWendy teppermanTodd brodyJennifer stewartMark zehnerMatthews jacquesExchange commissionYork regional officeEnforcement divisionEnforcement division public finance abuse unitGenerally accepted auditing standards