All Rolls-Royce articles


    KPMG fined $4.3M for undocumented red flags in Rolls-Royce corruption case


    The U.K. Financial Reporting Council announced a reduced penalty of approximately £3.4 million (U.S. $4.3 million) against KPMG for failures in its 2010 audit of car maker Rolls-Royce.

  • U.K. bribery

    10 years of U.K. Bribery Act: Compliance enough to define law’s success?


    The U.K. Bribery Act marked its 10th anniversary this month, but views are mixed about how the legislation and its enforcement have fared in the decade since it came into force.

  • Ruling

    A critical review of the SFO’s DPA process


    Companies considering entering a deferred prosecution agreement with the U.K. Serious Fraud Office might instead want to take their chances with a trial following the outcomes of a trio of recent high-profile corruption cases.

  • Blog

    SFO faces criticism for closing Rolls-Royce, GSK cases


    The U.K. Serious Fraud Office closed two long-running bribery and corruption cases against Rolls-Royce and GlaxoSmithKline—a decision that casts further doubt around the effectiveness of the SFO’s investigatory powers and makes companies question the purpose of entering a deferred prosecution agreement at all.

  • Blog

    Rolls-Royce charges underscore trends in FCPA cases


    The Department of Justice yesterday unsealed charges against five individuals for violations of the Foreign Corrupt Practices Act, underscoring two important trends in FCPA enforcement: a growing focus on individual liability, and the undeniable global nature of FCPA investigations today. The U.K. Serious Fraud Office today also issued an update ...

  • Article

    Auditors: How can they be appointed independently?


    A series of severe fines and reprimands involving auditor misconduct raises a thorny question: Could, or should, organizations have independently appointed auditors?

  • Blog

    U.K. probes KPMG for Rolls-Royce audits


    The United Kingdom’s independent accounting regulator said it has commenced an investigation into the conduct of KPMG for audits it performed on Rolls-Royce.

  • Blog

    Will KPMG pay for Rolls-Royce’s corruption?


    More negative publicity for KPMG, as the Wells Fargo auditor now faces additional scrutiny in light of the Rolls-Royce scandal—will the Big Four firm be made accountable?

  • Blog

    Anything of value really means anything


    Tom Fox explores recent cases that fall under the FCPA “anything of value” standard, including JPMorgan Chase, Rolls-Royce, VimpelCom, and Qualcomm.

  • Blog

    Rolls-Royce responds to $800M global resolution in FCPA case


    British engineering company Rolls-Royce has agreed to pay the United States nearly $170 million as part of an $800 million global resolution with U.S., U.K., and Brazilian authorities into a long-running bribery scheme. Jaclyn Jaeger reports.