By Kyle Brasseur2022-12-07T14:55:00
The Public Company Accounting Oversight Board (PCAOB) announced $7.7 million in total penalties against three separate KPMG firms and four individuals for varying violations of audit standards and ethical rules.
KPMG’s affiliates in Colombia, the United Kingdom, and India were each fined as part of the enforcement sweep announced Tuesday. KPMG Colombia agreed to pay $4 million, while KPMG UK must pay $2.6 million between two separate disciplinary orders. KPMG India received a $1 million penalty.
Of the four KPMG practitioners disciplined, two were ordered to pay fines that totaled $100,000.
2024-04-10T18:35:00Z By Aaron Nicodemus
KPMG Netherlands agreed to pay a record $25 million penalty levied by the U.S. Public Company Accounting Oversight Board for allegedly allowing widespread cheating by employees on internal training exams and misinforming regulators about the misconduct.
2023-04-13T14:01:00Z By Kyle Brasseur
Big Four audit firm KPMG and one of its former directors were disciplined by the U.K. Financial Reporting Council regarding eight admitted breaches of relevant requirements in their fiscal year 2016 work at lighting and wiring product distributor Luceco.
2023-03-21T16:49:00Z By Kyle Brasseur
The Securities and Exchange Commission is paying added scrutiny toward audit firms’ increasing use of network affiliates in their work and the potential for inconsistent quality that comes with such an approach.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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