- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Cathy Engelbert has been elected to chief executive officer of Deloitte, becoming the first female CEO of a major audit and consulting firm in the United States. Additionally, Mike Fucci has been elected to the position of chairman of Deloitte's board. Engelbert and Fucci will both begin their new roles ...
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Trust in the integrity of corporate finance and auditing is vital, but repeated scandals over exam cheating at the largest multinational firms are denting faith in the system globally.
KPMG Netherlands agreed to pay a record $25 million penalty levied by the U.S. Public Company Accounting Oversight Board for allegedly allowing widespread cheating by employees on internal training exams and misinforming regulators about the misconduct.
Three of the Big Four audit firms saw increases to the deficiency rates observed in their latest Public Company Accounting Oversight Board inspection reports, while KPMG had its results redacted.
