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The Public Company Accounting Oversight Board (PCAOB) has imposed a record $25 million civil penalty on KPMG Netherlands for widespread exam cheating that occurred from 2017 to 2022. The cheating involved top partners at the firm and was described as 'egregious.' This fine marks the largest ever levied by the PCAOB.
Exam Cheating Shake Up Auditing Industry: KPMG And Deloitte Slapped With Massive Fines https://t.co/Tt7JCdzLEP
We Forgot to Mention Deloitte Got in Trouble For Cheating This Week, Too In a renewed effort to appear to be doing something of value, the PCAOB was busy this week handing down hand slaps and fines for the crime of sharing answers on internal training. https://t.co/ntGzMqd0b5
Netherlands arm of KPMG fined $25M for cheating in exams https://t.co/g3ekXVMSrU
