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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…

Deloitte Korea Quality Control Failures in 2013 Audit

The Public Company Accounting Oversight Board (PCAOB) censured Deloitte Anjin LLC (Deloitte Korea) and imposed a $350,000 civil penalty. According to the PCAOB’s order, inspection of a 2013 audit found that Deloitte Korea’s system of quality control failed to provide reasonable assurance that audit personnel performed all professional responsibilities with integrity, and that the work they performed met applicable professional standards and regulatory requirements. These failures resulted in violations of PCAOB standards by Deloitte personnel, who backdated and improperly altered audit documentation. In imposing the penalty, the PCAOB took into account the company’s “extraordinary cooperation.”

Misconduct Type
Securities
Enforcement Agency
PCAOB
Contracting Party
None
Court Type
Administrative
Disposition
Fine
Date of Order
10/31/2019
Contractors Involved Penalty
Total
Deloitte LLP $350,000
Further Information Released
PCAOB Order 10/31/2019

Federal Contractor Misconduct Database