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Ex-KPMG partner settles Xerox claims

Alex Hawkes, Accountancy Age, 08 Dec 2005

Jospeh Boyle takes one year ban, but neither admits nor denies wrongdoing

A former KPMG partner has settled charges from the SEC on the audit of Xerox.

Joseph Boyle, 62, has accepted a one-year ban on auditing public companies, a settlement that involved no admission or denial of wrongdoing.

The settlement comes eight months after KPMG agreed to pay $22.5m over its audit of Xerox.

Xerox had overstated its financial results by $1.5bn over four years.

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