Reuters: Regulatory News: CORRECTED-Deloitte to pay $2 mln to settle charges over audit rule violations

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CORRECTED-Deloitte to pay $2 mln to settle charges over audit rule violations Oct 22nd 2013, 22:37 WASHINGTON | Tue Oct 22, 2013 5:49pm EDT WASHINGTON Oct 22 (Reuters) - Accounting giant Deloitte & Touche will pay a $2 million penalty to settle civil charges that it allowed a suspended auditor to continue working in the firm's public company audit practice, the U.S. audit watchdog said Tuesday. The Public Company Accounting Oversight Board, the body that polices auditors, said the fine marks the largest single penalty ever imposed by the board. Previously, the PCAOB in 2008 took disciplinary action against individual auditor, Christopher Anderson, who settled the case and agreed to pay a $25,000 fine and accept a one-year suspension from the industry.

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