Audit regulators have censured and fined Deloitte & Touche over a series of self-reported accounting errors that led to restatement at technology firm Jack Henry & Associates.
The Public Company Accounting Oversight Board settled charges with Deloitte with a $500,000 civil penalty over material accounting mistakes in three consecutive audits. The Securities and Exchange Commission earlier extracted a $780,000 penalty from Jack Henry for failing to report revenue from software license sales in the correct accounting periods.
