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Market
KPMG Netherlands Revenue Change Post-Scandal
2
Resolution / Starting Odds
Increase • 33%
Decrease • 33%
Stay the same • 34%
Annual financial statements of KPMG Netherlands or analyses from financial news sources.
Story
KPMG Netherlands Fined Record $25M for 2017-2022 Exam Cheating
Apr 15, 2024, 12:21 PM
The Public Company Accounting Oversight Board (PCAOB) has imposed a record $25 million civil penalty on KPMG Netherlands for widespread exam cheating that occurred from 2017 to 2022. The cheating involved top partners at the firm and was described as 'egregious.' This fine marks the largest ever levied by the PCAOB.
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Increased Audits and Compliance • 50%
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Restructuring of corporate assets • 25%
Legal challenges against the IRS • 25%
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Stable profit • 34%