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KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC

KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC

Publicerat av Tony Harkén måndag, 17 juni 2019.

KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm’s previous audit work and cheated on training exams, the U.S. Securities and Exchange Commission said on Monday.

KPMG admitted to the SEC’s allegations and agreed to hire an independent consultant to assess the firm’s ethics and integrity controls, as well as its compliance related to abuse of the exams issued by the Public Company Accounting Oversight Board, the SEC said in a statement.

Read more at Reuters

Publicerat av

Tony Harkén

usa

Klockan i Washington, USA

US-WA - Time
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