KPMG To Pay $8.2M To Settle SEC Independence Charges
An SEC investigation discovered that KPMG provided bookkeeping and other nonaudit services to affiliates of companies KPMG audits from 2007-11, according to the SEC. Some KPMG staff also owned stock in KPMG clients or their affiliates, the SEC said.
“Auditors are vital to the integrity of financial reporting, and the mere appearance that they may be conflicted in exercising...
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