Financial Services Financial Services

Shattering previous record, KPMG Netherlands to pay $25 million fine for US testing violations, misrepresentations

By Neil Roland
  • 10 Apr 2024 22:17
  • 10 Apr 2024 23:28
KPMG Netherlands was ordered to pay a $25 million fine, more than three times as high as the largest penalty previously imposed by the Public Company Accounting Oversight Board, for improper answer sharing by hundreds of professionals on training exams over a five-year period and multiple misrepresentations to investigators.

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

Discover MLex

Stay on top of global regulatory developments

Latest News