Another 50 Million Reasons Not To Trust The Auditors

KPMG audit partners settle test cheating allegations.

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By Aaron NicodemusTue, May 19, 2020 1:05 PM

The KPMG cheating scandal expanded this week as three former partners at the firm settled charges with the SEC regarding the improper sharing of answers for internal training exams. According to the SEC’s orders, former KPMG audit partners Timothy Daly, Michael Bellach, and John Donovan each engaged in misconduct in connection with exams KPMG administered to test whether its audit professionals understood certain accounting and auditing principles.

KPMG agreed to settle the charges by paying a $50 million penalty

By Max de Haldevang, September 10, 2019

Geopolitics reporter



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This entry was posted on May 21, 2020 and is filed under Fraud and Embezzlement. Written by: . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.