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Violation Tracker Individual Record

Company: KPMG LLP
Current Parent Company: KPMG
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $6,230,999
Year: 2017
Date: August 15, 2017
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Secondary Offense: investor protection violation
Violation Description: KPMG agreed to pay more than $6.2 million to settle allegations that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being misinformed about the energy company's value.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
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.