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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »

Deloitte LLP

Improper Professional Conduct (Delphi)

Date: 02/26/2008 (Date of Settlement)

Misconduct Type: Ethics

Enforcement Agency: SEC

Contracting Party: None

Court Type: Administrative

Amount: $0

Disposition: Settlement

Synopsis: The U.S. Securities and Exchange Commission (SEC) settled administrative proceedings finding that Nicholas Difazio and Duane Higgins, Deloitte & Touche engagement partners on the 2000 and 2001 audits of the financial statements of Delphi Corporation, engaged in improper professional conduct on those audits. The SEC found that Difazio, the lead engagement partner, and Higgins, the audit engagement partner, failed to exercise due professional care in the planning and performance of the audit. Difazio and Higgins settled without admitting or denying the SEC’s findings. Both men were temporarily denied the privilege of appearing or practicing before the SEC as an accountant. See related Deloitte LLP instance, “Delphi Corporation Securities Litigation”.