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Ex-KPMG Partner Gets a Year and a Day in Prison Over Fraud Scheme

  • David Middendorf and another were convicted of fraud in March
  • They were accused of scheming to get information about audits
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A former KPMG LLP partner was sentenced to a year and a day in federal prison for his role in eliciting confidential information from the U.S. audit regulator to boost the firm’s annual inspection results.

David Middendorf, KPMG’s onetime national managing partner for audit quality and professional practice, and Jeffrey Wada, a former inspections leader at the Public Company Accounting Oversight Board, were convicted in March of multiple counts of fraud. Prosecutors said several former employees of the board, including Wada, helped funnel details about its inspection plans to leaders of KPMG, who used the information to change the audits.