WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) said Mattel Inc has agreed to pay $3.5 million to settle charges relating to financial misstatements in 2017, the agency said on Friday.
The SEC is initiating litigation against Joshua Abrahams, a former audit partner at PricewaterhouseCoopers LLP to determine whether he engaged in improper professional conduct and violated auditor independence rules, the agency said in a statement.
Counsel for Mattel and the auditor did not respond immediately to requests for comment.
(Reporting by Chris Prentice)
