“KPMG LLP resigned as the auditor for two companies and fired the partner overseeing its Los Angeles audit practice amid allegations the person leaked confidential client information to a third party who used it to make stock trades.
The partner was Scott London, who was the lead auditor for Skechers U.S.A. Inc. (SKX), according to David Weinberg, the shoemaker’s chief financial officer. Herbalife Ltd. (HLF) and Skechers said in statements that KPMG told them it’s withdrawing as their auditor. The Securities and Exchange Commission is investigating the partner’s actions, according to a person with direct knowledge of the situation….”
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