JP

KPMG AZSA LLC

Japanese member firm of KPMG that audited Olympus during part of its loss-concealment period.

AUDIT FIRM RECORD
  • Audit Firm: KPMG AZSA LLC
  • Jurisdiction: JP
  • Indexed Audit Cases: 11 major corporate fraud cases.
  • Regulatory History: Japanese member firm of KPMG that audited Olympus during part of its loss-concealment period.

CLIENT CASES INVOLVING KPMG AZSA LLC

11 CASES IN LIBRARY
Case Title Jurisdiction Status Primary Scheme Overstatement Action Date
Carillion plc: Aggressive Contract Revenue and Going-Concern Concealment GB Adjudicated premature recognition $1.4B January 29, 2018
Computer Associates: $2.2B '35-Day Month' Revenue Backdating US Adjudicated premature recognition $2.2B September 20, 2006
Xerox Corporation: $1.5B Lease Acceleration and Reserve Manipulation US Settled, neither admitted nor denied multiple element manipulation $1.5B September 20, 2003
Brocade Communications: Criminal Options Backdating Scheme US Adjudicated options backdating $150.0M September 20, 2008
Diebold, Inc.: Bill-and-Hold and Factory Floor Premature Revenue Recognition US Settled, neither admitted nor denied bill and hold $127.0M September 20, 2007
Olympus: 20-Year 'Tobashi' Scheme Concealing $1.7B Investment Losses JP Adjudicated acquisition accounting abuse $1.7B September 20, 2018
Fannie Mae: Loan-Loss Reserve Manipulation to Trigger Executive Payouts US Settled, neither admitted nor denied allowance manipulation $6.3B September 20, 2010
General Electric: $200M SEC Penalty for Long-Term Care and Power Accounting US Settled, neither admitted nor denied segment misreporting $22.0B September 20, 2020
KPMG PCAOB Leak Scandal: Stealing Regulators' Inspection Lists to Alter Workpapers US Adjudicated workpaper alteration $0 September 20, 2020
Kobe Steel: Systematic Falsification of Quality Certificates for Decades JP Adjudicated material omission $100.0M September 20, 2019
Samsung BioLogics: 4.5 Trillion Won Acquisition Accounting Inflation KR Adjudicated acquisition accounting abuse $3.8B September 20, 2020