Friday, December 28, 2007
Delphi's Auditors Settle Accounting Charges
Deloitte & Touche agreed to pay $38 million to settle accounting fraud charges involving Delphi Corp., the auto parts manufacturer that is currently in Chapter 11. Delphi was required to restate its financials from 1999-2005. Previously the SEC brought charges against eight former employees. CFO.com, Deloitte to Pay $38 Million in Delphi Case.