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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

2007 PCAOB Audit

A 2007 inspection of Deloitte & Touche LLP by the Public Company Accounting Oversight Board (PCAOB), a private, non-profit corporation created by Congress in 2002 to oversee registered public accounting firms, found deficiencies in the firm’s auditing practices. A review of selected Deloitte audits found failures to identify or appropriately address errors in the issuer’s application of GAAP (Generally Accepted Accounting Principles) and failures to perform certain necessary audit procedures. The inspection also found deficiencies with regard to Deloitte’s system of foreign affiliates, namely, the firm’s ability to assess a foreign office’s qualifications and familiarity with U.S. GAAP, PCAOB standards, and SEC reporting requirements.

Misconduct Type
Other
Enforcement Agency
PCAOB
Contracting Party
None
Court Type
N/A
Disposition
Investigative Finding
Date of Report
5/19/2008
Contractors Involved Penalty
Total
Deloitte LLP $0
Further Information Released
PCAOB Report 10/20/2011

Federal Contractor Misconduct Database