US

Deloitte & Touche LLP

Big Four audit firm involved in enforcement proceedings regarding Nortel Networks, Adelphia, and Autonomy.

AUDIT FIRM RECORD

Audit Firm: Deloitte & Touche LLP
Jurisdiction: US
Indexed Audit Cases: 9 major corporate fraud cases.
Regulatory History: Big Four audit firm involved in enforcement proceedings regarding Nortel Networks, Adelphia, and Autonomy.

CLIENT CASES INVOLVING DELOITTE & TOUCHE LLP

9 CASES IN LIBRARY

Case Title	Jurisdiction	Status	Primary Scheme	Overstatement	Action Date
Nortel Networks: Cookie-Jar Reserve Manipulation for Executive Bonuses	CA	Settled, neither admitted nor denied	cookie jar reserves	$3.2B	September 20, 2006
Adelphia Communications: $2.3B Off-Balance-Sheet Family Co-Borrowing	US	Adjudicated	off balance sheet entities	$2.3B	September 20, 2004
UnitedHealth Group: Decades-Long Options Backdating and $400M Clawback	US	Settled, neither admitted nor denied	options backdating	$1.5B	September 20, 2008
China MediaExpress: Reverse Merger Shell with Fabricated Bank Statements	CN	Adjudicated	reverse merger fraud	$100.0M	September 20, 2013
Symbol Technologies: 'Candy Deals' and Widespread Revenue Stuffing	US	Adjudicated	side letters	$230.0M	September 20, 2005
Delphi Corporation: Sham Battery Inventory Transactions and Off-Balance Financing	US	Settled, neither admitted nor denied	round tripping	$1.2B	September 20, 2007
Autonomy Corp: Hardware Resale Disguised as High-Margin Software	GB	Adjudicated	gross vs net	$8.8B	September 20, 2014
Steinhoff International: €6.5B Fictitious Transactions and Hidden Off-Balance Entities	ZA	Adjudicated	off balance sheet entities	$7.3B	September 20, 2020
Daewoo Shipbuilding: 5 Trillion Won Loss Concealment via Percentage-of-Completion	KR	Adjudicated	premature recognition	$4.5B	September 20, 2018