Cheating allegations against KPMG have gone much deeper after the Securities and Exchange Commission revealed a $50 million settlement Monday over not only stolen inspection information but also cheating on internal exam results.
As the SEC was determining how to deal with allegations of an effort among KPMG audit leaders to subvert regulatory inspections with stolen information, KPMG reported to the SEC late in 2018 that it found evidence of auditors sharing internal training exam answers and manipulating test results.
