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KPMG stole data, altered audits, and let employees cheat on training exams
| up-to-no-good onyx public bath personal credit line | 06/17/19 |
| misunderstood pit | 06/17/19 |
| demanding pungent area people who are hurt | 06/17/19 |
| thirsty psychic candlestick maker | 06/17/19 |
Poast new message in this thread
Date: June 17th, 2019 10:15 PM Author: up-to-no-good onyx public bath personal credit line Fined $50M
https://mobile.reuters.com/article/amp/idUSKCN1TI1PO
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.
The fine was one of the largest ever imposed on an auditor by the SEC.
"The breadth and seriousness of the misconduct at issue here is, frankly, astonishing," said Steven Peikin, one of the SEC's enforcement directors. "This settlement reflects the need to severely punish this sort of wrongdoing while putting in place measures designed to prevent its recurrence."
A KPMG spokesman said on Monday the auditor has "learned important lessons through this experience," adding that the firm is stronger as a result of actions it is taking "to strengthen our culture, our governance and our compliance program."
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Date: June 17th, 2019 10:17 PM Author: misunderstood pit they hire any accounting major with a 3.0 what standards do you think they have in their work (http://www.autoadmit.com/thread.php?thread_id=4284957&forum_id=2#38403227) |
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Date: June 17th, 2019 10:18 PM Author: demanding pungent area people who are hurt KPMG is the biggest TTT of the Big 4 (http://www.autoadmit.com/thread.php?thread_id=4284957&forum_id=2#38403234) |
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Date: June 17th, 2019 11:27 PM Author: thirsty psychic candlestick maker "The breadth and seriousness of the misconduct at issue here is, frankly, astonishing," said Steven Peikin, one of the SEC's enforcement directors. "This settlement reflects the need to severely punish this sort of wrongdoing while putting in place measures designed to prevent its recurrence."
Didn't punish KPMG severely enough |