The Wall Street Journal: Ex-partner at KPMG convicted in ‘steal the exam’ scheme

A former high-ranking partner at KPMG LLP was convicted Monday on accusations he was involved in a scheme to steal confidential information to help the Big Four accounting firm look better to its regulator, federal prosecutors said.

David Middendorf, KPMG’s former national managing partner for audit quality and professional practice, was convicted on four of five counts, including conspiracy and wire fraud, in federal court in Manhattan.

Also convicted was a co-defendant, Jeffrey Wada, a former employee of the Public Company Accounting Oversight Board, which regulates the audit industry. Wada was convicted on three of four counts, including conspiracy and wire fraud, his attorney said.

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