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Securities

Nov. 6, 2024

SEC drops case against former PwC auditor in Mattel matter

The case, dropped on Friday, centered on audit work that preceded a $109 million financial restatement by the toymaker.

The Securities and Exchange Commission has dismissed its administrative proceedings against Joshua Abrahams, a former PricewaterhouseCoopers partner who had been accused of professional misconduct related to Mattel Inc.'s 2017 financial statements.

The case, dropped on Friday, centered on audit work that preceded a $109 million financial restatement by the toymaker. The SEC had alleged deficiencies in Abrahams' oversight during his role as lead engagement partner for the M...

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