Auditor Practice Bars & Rule 102(e) Suspensions
Tracking judicial and administrative sanctions across corporate fraud defendants: incarceration terms, permanent bars from serving as officers or directors of public companies, independent practice suspensions, and court-appointed compliance monitors.
OUTCOME PROFILE
- Sanction Category: Auditor Practice Bars & Rule 102(e) Suspensions
- Cases with this Outcome: 6 primary cases in the library.
- All entries cite final court judgments or administrative Commission orders.
Prison Sentences Federal and criminal prison terms. O&D Bars Statutory disqualifications from public boards. Auditor Bars Rule 102(e) practice suspensions. Monitorships Independent compliance monitors. DPAs & NPAs Corporate settlement agreements.
CASES INVOLVING AUDITOR PRACTICE BARS & RULE 102(E) SUSPENSIONS (6)
PRIMARY ENFORCEMENT RECORDS| Case Title | Jurisdiction | Status | Primary Scheme | Action Date |
|---|---|---|---|---|
| Wirecard AG: 1.9 Billion Euro Fictitious Cash Fraud | DE | ADJUDICATED | fictitious cash and assets | June 22, 2020 |
| Satyam Computer Services: $1B Fabricated Cash and Ghost Employees | IN | ADJUDICATED | fictitious revenue | January 9, 2009 |
| Carillion plc: Aggressive Contract Revenue and Going-Concern Concealment | GB | ADJUDICATED | premature recognition | January 29, 2018 |
| BHS: Audit Failure and Sale for £1 Prior to Catastrophic Pension Collapse | GB | ADJUDICATED | audit failure | September 20, 2021 |
| PricewaterhouseCoopers: $7.9M SEC Settlement for Nationwide Independence Violations | US | SETTLED | independence violation | September 20, 2021 |
| Ernst & Young: Independence Violations from Commercial and Romantic Ties | US | SETTLED | independence violation | September 20, 2016 |