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Violation Tracker Individual Record

Company: Deloitte and Touche
Current Parent Company: Deloitte
Penalty: $800,000
Year: 2000
Date: September 20, 2000
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Deloitte and Touche agreed to pay $800,000 to settle allegations it kept deficient work papers involving the Farm & Home Life Insurance Co., including: failing to document audit procedures or the basis for the auditor's conclusions on a number of transactions; failing to document support for management's assertions in the financial statements; failing to address the carrying value of certain assets in the financial statements; and failing to document the analysis of the realization of certain debt obligations.
Level of Government: state
Action Type: agency action
Agency: Arizona Attorney General
Civil or Criminal Case: civil
Facility State: Arizona
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.