Following KPMG Scandal, Skechers Takes On BDO As Auditor

Law360, New York (April 25, 2013, 1:52 PM EDT) -- Skechers USA Inc. has hired accounting firm BDO USA LLP to replace KPMG LLP as its independent auditor in the wake of an alleged one-man insider trading scheme at KPMG’s Los Angeles office, Skechers announced Wednesday.

Skechers said BDO will begin immediately with the re-audit of the company’s financial statements for the 2011 and 2012 fiscal years and will review the financial statements for the first quarter of 2013.

KPMG resigned as Skecher’s auditor earlier this month following allegations that Scott I. London, the former partner...
To view the full article, register now.