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Violation Tracker Individual Record

Company: KPMG LLP (United Kingdom)
Current Parent Company: KPMG
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $600,000
Year: 2022
Date: December 6, 2022
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: The Board imposed this sanction on the basis of its findings that, in connection with four audits of an issuer from 2017 through 2020, KPMG UK used audit work performed by KPMG Audit SRL, a Romanian KPMG affiliate that was not registered with the Board yet played a substantial role in each of the four audits.
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.