- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2025-03-14T15:10:00
Nine affiliates of KPMG agreed to pay a total of nearly $3.4 million for alleged violations of audit and quality control standards, while PwC Singapore will pay $1.5 million to settle separate allegation that the firm manipulated independence compliance reporting.
KPMG subsidiaries in Brazil, Canada, Italy, Israel, the U.K., Mexico, South Korea, Switzerland, and Australia agreed to pay the collective penalty for failing to “accurately disclose who performed audits” and other alleged misconduct, the Public Company Accounting Oversight Board (PCAOB) said in a press release Tuesday.
In a separate enforcement action, PwC Singapore agreed to pay $1.5 million for its alleged failure to have appropriate policies and procedures related to its Personal Independence Compliance Testing (PICT) process and to foster an appropriate ethical culture within its independence office.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2023-11-15T22:18:00Z By Kyle Brasseur
The Japanese affiliate of Big Four audit firm KPMG was assessed a $500,000 penalty by the Public Company Accounting Oversight Board for quality control deficiencies regarding journal entry testing.
2021-10-01T17:23:00Z By Jaclyn Jaeger
The Public Company Accounting Oversight Board imposed a $350,000 civil penalty on Deloitte Canada for reasonable assurance quality control failures regarding an electronic work paper system update.
2020-08-25T15:57:00Z By Kyle Brasseur
Modest improvements in the audits of broker-dealers do little to absolve the need for firms to evaluate how they can enhance their systems of quality control, according to the latest figures from the PCAOB.
2025-04-22T12:00:00Z
The Federal Trade Commission (FTC) filed a lawsuit against Uber, alleging the ride-hailing company signed customers up for its Uber One subscription without consent, then made it hard for them to cancel. The move marks the U.S. government’s latest broadside against big tech companies, and the first major action from ...
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
Site powered by Webvision Cloud