Know what that is, I think it's a buggy BIOS. It doesn't know its wake settings from its ass. While there shouldn't be "wake on" anything when the PC is shut down (as opposed to sleep or hibernation states), we know from tales of old that's not always the case.
Standby power, USB power. I had it set to Wake Events controlled by BIOS, and Wake on USB enabled (not LAN or PCI-E etc.). The only reason I had wake on USB enabled was that before I had an OS, if I left it sitting on the BIOS screen it would go to sleep and nothing would wake it and I'd have to hard shut down. I actually don't need it, because I don't sleep or hibernate. Not ever.
This problem got more pronounced when I got this new keyboard. I used to sometimes notice the keyboard status lights blink in unison for a split second when powered off, when discharging on the table frame (especially if I was right underneath it) but it had never triggered a wake interrupt/event. This is a symptom, not cause of the problem.
Anyway, send interrupt (or what's interpreted as one by the bios, a signal from a device), PC powers up. Shouldn't, but does.
Boards now have "ErP" mode to conform with priggish regulations in some places. It specifies that the PC uses less than 1 Watt for any kind of standby power when powered down. When that's enabled, it can cut all power except the standby power for the "power good" signal, when the PC is shut down, if you also disable USB standby power in S4/S5 states (which I have also done). At least I think that's how it should work. There should be no more standby power for wake on anything in S4 or S5 (which is what counts here). No power for LED's... nothing.
So far, I can't reproduce it. Off means Off. We'll see what happens. I consider it a workaround that has no choice but to work

I wonder though, if this is going to kill CMOS batteries sooner. With all the intricate settings, some of them detrimental, even dangerous, that you have to (remember to) change in these UEFI bios setups, you don't want to have to replace a battery any time soon. They are also usually located such that the video card has to come out to get at them too these days.