Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SEC Charges Grant Thornton, Two Partners

Tammy Whitehouse | December 3, 2015

The Securities and Exchange Commission delivered a heavy blow to Grant Thornton and two of its engagement partners with charges they ignored red flags and fraud risks at two public companies that ultimately faced enforcement actions of their own.

Grant Thornton agreed to a penalty of $3 million, forfeited $1.5 million in audit fees, and admitted to wrongdoing. Partner Melissa Koeppel did not admit or deny the charges, but agreed to a penalty of $10,000 and a five-year bar from practicing before the SEC. Partner Jeffrey Robinson also did not admit or deny charges, but agreed to a penalty of $2,500 and a two-year bar.

The SEC says the inaction of the firm, Koeppel, and Robinson allowed public...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.