Law Practice
Jun. 10, 2009
Lawmaker Weighs Liability for Accountants, But Are Politics at Work?
In the wake of allegations of accounting fraud by KPMG in its dealings with subprime mortgage lender New Century Financial Corp., a California assemblyman says it might be time to hold accounting firms, well, more accountable.
By Matthew Pordum
Daily Journal Staff Writer SACRAMENTO - In the wake of allegations of accounting fraud by KPMG in its dealings with subprime mortgage lender New Century Financial Corp., a California assemblyman says it might be time to hold accounting firms, well, more accountable. Assemblyman Pedro Nava, D-Santa Barbara, the chairman of the Assembly Banking and Finance Committee, held hearings this week on the role of accountants in the meltd...
Daily Journal Staff Writer SACRAMENTO - In the wake of allegations of accounting fraud by KPMG in its dealings with subprime mortgage lender New Century Financial Corp., a California assemblyman says it might be time to hold accounting firms, well, more accountable. Assemblyman Pedro Nava, D-Santa Barbara, the chairman of the Assembly Banking and Finance Committee, held hearings this week on the role of accountants in the meltd...
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