American Accounting Association DOI: 10.2308/iace.2011.26.1.219 ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 1 2011 pp. 219–240 Xerox, Inc. Edward Seipp, Sean Kinsella, and Deborah L. Lindberg ABSTRACT: This audit case examines an interesting real-life instance of financial statement manipulation by a client ͑Xerox, Inc.͒ and the related audit failure by the audit firm ͑KPMG͒. The facts of this case are drawn from several SEC Accounting Enforcement and Administrative Proceedings Releases. Learning…
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