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Violation Tracker Individual Record

Company: KPMG Accountants N.V.
Current Parent Company: KPMG
Penalty: $25,000,000
Year: 2024
Date: April 10, 2024
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: From at least October 2017 until December 2022, KPMG Netherlands violated PCAOB rules and quality control standards related to integrity and personnel management by failing to establish appropriate policies and procedures for administering and overseeing internal training tests, including tests designed to help the Firm’s audit professionals satisfy the requirements for maintaining their professional certifications. Those quality control failures prevented the Firm from identifying that hundreds of Firm professionals were involved in improper answer sharing—either by providing access to test questions or answers, or by receiving such access without reporting it—in connection with tests for mandatory internal training courses.
Level of Government: federal
Action Type: agency action
Agency: Public Company Accounting Oversight Board
Civil or Criminal Case: civil
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.